2007-12-31 09:13:15 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
You are whining over $500? I wonder whether you should be investing in stocks at all. Maybe a nice safe CD would be more your speed.
Look, my friend, stock prices fluctuate. They go up and they go down. If you hold reasonably sound stocks, over time they will perform ok. It might take a few years, but that is the nature of investments. Do you think Mr. Buffett whines every time he drops a few billion like today? He probably instead invested another billion or so.
2007-12-31 09:23:32 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If you have to worry about losing $500 perhaps you should not be in the stock market. If that is a huge sum of money to you and you can't afford to lose it you definitely should not be in the stock market. Call you stock broker and have a heart to heart chat. You should never never invest money in the stock market that you can'r afford to lose. You will "win some, lose some." The hope is that the winners will far outweigh the losers over a long period of time.
2007-12-31 18:23:12 · answer #2 · answered by singlegal 7 · 1⤊ 0⤋
My worst day i lost over 7,000$. For every 10,000 dollars you have in stocks...expect to lose or make 300 dollars on any given day.
2007-12-31 17:34:28 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Get out and buy a savings bond.
The market is noplace for you if you're sweating $500 paper losses.
Good Luck
2007-12-31 17:32:09 · answer #4 · answered by edco 5 · 0⤊ 0⤋
Markets go up and down--and at the end of the year, more down than up as people sell off for various reasons.
WHY did you buy the stocks? If you checked them out and nothing bad has happened, then hold them. If you didn't do your homework, then investigate now and make a rational decision based on the STOCK, not the market at this time. You already bought.
If $500 makes you that nervous, you either need to study a lot more about the market or consider another kind of investing because your nerves will be shot in a short space of time.
Not knowing what you bought, I couldn't venture a guess whether they were good buys and it pays to hold them or not. IF you did good research, most stocks will be fine over the long-term; if you listened to silly people, didn't do research, or did one of those "guaranteed" to move up deals, then probably you lost it and won't get it back. Education can be expensive; the lack of education is always expensive.
2007-12-31 17:29:07 · answer #5 · answered by heyteach 6 · 0⤊ 0⤋
People always panic when the market goes down, and they start to sell their stocks. That's always a bad move and you end up losing money.
However, if you really feel that a certain stock is doing terribly and will continue to do so, then sell it. A question to ask yourself is, "Would I buy this stock again?" If the answer is no -- sell it.
2007-12-31 17:22:46 · answer #6 · answered by Dee 3 · 0⤊ 0⤋
Do they pay dividends?? If so definitely keep. MOst companies of repute pay dividends even with lower stock prices.
But basically this is a hold time. Wait it out if you can.
2007-12-31 17:22:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Don't you have a broker? I would ask a broker not Yahoo answers
2007-12-31 17:22:02 · answer #8 · answered by Ginger 6 · 1⤊ 1⤋
dont sell
2007-12-31 17:20:33 · answer #9 · answered by Ashley 1 · 0⤊ 0⤋
Hold them, one should not sell at this time, wait for them to go up again. Just hold on and most of the time things work out in your favor.
2007-12-31 17:17:21 · answer #10 · answered by onlinepat3291 1 · 0⤊ 0⤋