I currently have $12k invested in vanguard's total stock market index and vanguard's total int'l stock market index (6k in each).
It has been slipping steadily and fears continue to rise.... would it be wise to transfer the money to a money-market or bond or is this most likely temporary... btw, i plan on not touching this monbey for at least 5-10 years.
2007-08-10 03:18:31 · 10 answers · asked by marycotter5678 1 in Business & Finance ➔ Investing
Leave your money where it is. The market will bottom out, and you will gain all your points back and then some. Remember, you haven't lost any money unless you sell the stock at a loss. As long as you have the stock, you have the very good possibility of making money on it. You didn't have that cash yesterday and you don't have it today. Leave it alone.
2007-08-10 03:29:49 · answer #1 · answered by jack of all trades 7 · 0⤊ 0⤋
Unless you're a day-trader (in which case, I can't help you), investing requires patience. You can't expect too much too fast. It may take a pretty long time to see sizeable gains, perhaps a few months or more. Don't get down over a small loss over a 4 day period. Now's when you find out if you really have the stomach for trading or not, especially in light of how turbulent the market has been. It's easy to invest when stocks are all going up, like the last few years have been. If you're looking for quick money, you're going to find it harder to make in the current market, though it's still very possible. My advice: give it time. I wouldn't dump a stock unless some God-awful news sends it plummeting and you don't expect it to recover for a few years.
2016-05-18 22:17:27 · answer #2 · answered by stephen 3 · 0⤊ 0⤋
Right now I would be buying. The subprime problem is only temporary. Just presents a good buying time. I do believe the Market is over bought right now. Needs to drop about another 700 pts. You should have a systematic monthly investment plan. That way when the market is down you are dollar averaging your money. Buying more shares with less money. Reinvest all of your dividends. And don't take the money out until you retire
2007-08-10 03:27:49 · answer #3 · answered by jinglebing3 1 · 1⤊ 0⤋
Look, everyone is hurting in this market, including yours truly,
I'm keeping my money right where it is, the market is not going anywhere. The richest investors became rich having patience and never panicking when the market dropped, I know excatly how you feel right now, but if you want to get rich, you have to believe in this market and not get bugged out about this recent sell off, this is not the first time this has happened. The only time to sell is when the stock is overvalued or when the company stops being wonderful.
Stay Strong get Rich.
2007-08-10 03:38:18 · answer #4 · answered by la mai' tuya 2 · 0⤊ 0⤋
Absolutely not. Sell high not after the market has taken a bath. If you have extra money add it now!
2007-08-10 03:26:14 · answer #5 · answered by Anonymous · 1⤊ 0⤋
NO! My investor for METLIFE says that people always do it backwards- they should buy when the market is low and everyone is scared and then they should sell when people are comfy and the market is stable.
2007-08-10 03:23:01 · answer #6 · answered by Miss Kim 4 · 2⤊ 1⤋
You should have sold before the drop...now you need to hold on and buy some more as we reach bottom.
2007-08-10 06:56:50 · answer #7 · answered by Michaelsgdec 5 · 1⤊ 0⤋
Invest it in Nigerian stocks
2007-08-10 03:24:47 · answer #8 · answered by R.M. 61 2 · 0⤊ 1⤋
yeah and tell all your friends to as well maybe we can have another depression...
2007-08-10 03:25:48 · answer #9 · answered by Anonymous · 0⤊ 0⤋
leave it.
2007-08-10 03:21:21 · answer #10 · answered by Corruptfile34 5 · 1⤊ 1⤋