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The market goes up. The market goes down. If you had money in the stock market today, and it went down, and you kept buying, you would be glad in years to come. Because when the market is down you are buying stocks "on sale" and then they increase in price when the market goes back up, which it always does. Investing is not something you do for the short term, you do it over many years, because the market DOES fluctuate. But over the course of 30 years or so you are most likely going to have a nice return on your money.
I have money in a 401k. I'm not taking a cent out. I'll ride it out and everything will be fine. I saw today that stocks may lost as much as 30%. I can handle that, because I know that sooner are later they are going to go back up and I will recover all I lost and more.
The market goes up. The market goes down. If you had money in the stock market today, and it went down, and you kept buying, you would be glad in years to come. Because when the market is down you are buying stocks "on sale" and then they increase in price when the market goes back up, which it always does. Investing is not something you do for the short term, you do it over many years, because the market DOES fluctuate. But over the course of 30 years or so you are most likely going to have a nice return on your money.
I have money in a 401k. I'm not taking a cent out. I'll ride it out and everything will be fine. I saw today that stocks may lost as much as 30%. I can handle that, because I know that sooner are later they are going to go back up and I will recover all I lost and more.
What about those of us who are older, who do not have many years left, and need the money for our retirement now? Should we be concerned?
The market goes up. The market goes down. If you had money in the stock market today, and it went down, and you kept buying, you would be glad in years to come. Because when the market is down you are buying stocks "on sale" and then they increase in price when the market goes back up, which it always does. Investing is not something you do for the short term, you do it over many years, because the market DOES fluctuate. But over the course of 30 years or so you are most likely going to have a nice return on your money.
I have money in a 401k. I'm not taking a cent out. I'll ride it out and everything will be fine. I saw today that stocks may lost as much as 30%. I can handle that, because I know that sooner are later they are going to go back up and I will recover all I lost and more.
I think her point is that the first 6 years of the Bush administration were prosperity in the aggregate and amazing after 9/11. In the last year since the peak of October 2007 anything good he had done is now gone and his legacy is only one of total failure. The only question for the American people is do they want to elect McCain and continue the wrong direction and have his presidency at the level of the first Bush.
True enough. But the market lost almost 7% today. A 7% loss in year makes for a bad year. But a 7% loss in a day??
Quote:
Originally Posted by luzianne
Investing is not something you do for the short term, you do it over many years, because the market DOES fluctuate. But over the course of 30 years or so you are most likely going to have a nice return on your money.
Again, true enough ... but having the net effect of almost 8 years being a wash? If someone is counting on 30 years of investing in the market and 8 of those 30 years are the last 8, that's zero growth for more than a quarter of those 30 years. That potentially puts a helluva dent in the end total.
Quote:
Originally Posted by luzianne
I have money in a 401k. I'm not taking a cent out. I'll ride it out and everything will be fine. I saw today that stocks may lost as much as 30%. I can handle that, because I know that sooner are later they are going to go back up and I will recover all I lost and more.
And you're fortunate to be able to do that - some people can't. Many companies moved away from company pensions and went with 401(k)s, so there are many, many people out there who are really counting on money that, right now, is greatly diminished from what it was yesterday, and shows zero growth for the last 8 years.
My wife and I are both retired, on good pensions, and don't have to depend on any money invested in the stock market. For people who are retired and who are depending on their 401(k) for income, they just took a body blow, and we don't know what tomorrow may bring.
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