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05-17-2014, 03:49 PM
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9,982 posts, read 8,117,503 times
Reputation: 5648
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Major Drop coming. Sell all Equities.
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05-17-2014, 03:52 PM
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Location: Nebraska
2,234 posts, read 3,064,342 times
Reputation: 6665
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Quote:
Originally Posted by Snowball7
Major Drop coming. Sell all Equities.
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You're probably right! I made the decision to get out in Dec and have been very happy with the decision.
I also got out in the spring of 2000 and the fall of 2007. All of the decisions were very easy to make. |
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05-17-2014, 03:53 PM
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98,776 posts, read 97,980,906 times
Reputation: 72975
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Oooh okay. I will sell first thing monday. Glad you got the memo
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05-17-2014, 04:10 PM
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25,465 posts, read 19,530,540 times
Reputation: 21570
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Ah okay
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05-17-2014, 05:04 PM
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Location: Warwick, RI
4,898 posts, read 5,467,438 times
Reputation: 8069
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Nope, not gonna do it. My stock holdings are all long term, and to be honest, I've been hoping for another serious drop for a year or so now. I'd love to add to a few of my positions and start a new one or two, but not at current prices. If the market corrects, I'll be buying.
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05-17-2014, 09:32 PM
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Location: US Empire, Pac NW
5,008 posts, read 11,922,121 times
Reputation: 4125
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nope. got 30 years to go. will just buy more on the drops.
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05-17-2014, 10:02 PM
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Location: US
24,156 posts, read 24,747,371 times
Reputation: 19332
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Quote:
Originally Posted by Garthur
You're probably right! I made the decision to get out in Dec and have been very happy with the decision.
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The S&P 500 and Dow Jones are both up from December. The Nasdaq is slightly down though, but 2/3 aren't bad  |
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05-18-2014, 03:40 AM
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98,776 posts, read 97,980,906 times
Reputation: 72975
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i would bet anything that by the time he gets back in again he would have had a higher return just rebalancing if things fell and staying the course. everyone feels like a genius when they sell. few can get back in after a drop and not buy in higher than they bailed out at.
after all what good would bailing have been if they got back in to a suckers rally. so they wait and wait after a run up for it to fall back only it never does.
eventually they throw in the towel and buy in higher than they bailed out at and would have been ahead had they rebalanced when things were down instead of thinking they were going to time it.
there is a reason study after study shows those that think they are going to come out ahead timing things end up getting less than just doing nothing and staying put..
as jack bogle said " don't just do something, stand there."
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05-18-2014, 10:09 AM
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31,612 posts, read 39,328,650 times
Reputation: 14231
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Like Tapper suggested now is the time not to sell but to raise cash for a lower entry point or your chicken crap time fund. For me it is T Rowe Cap Appreciation, Wellington, individual bonds or cash etc etc.
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05-18-2014, 12:12 PM
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Location: Middle Tennessee
7,162 posts, read 4,550,460 times
Reputation: 13413
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Quote:
Originally Posted by Snowball7
Major Drop coming. Sell all Equities.
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Isn't this on the wrong forum? It seems to fit better over on Yahoo Finance where there are tons of people making short, dramatic statements like this. |
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