OK, who's selling all their stock?

[lonestarnot]

Raise your hand. And who has to pee?

[barbiegeek]

1. I'm thinking about it.

Which all to cd's

[zappaman]

2. I have to pee. n/t

[lonestarnot]

4. Don't forget the soap on those hands!

[hobbit709]

3. Only stock I have is some chicken stock in the fridge.

what will you give me for it?

[lonestarnot]

5. Mmmmmm.

[NuclearDem]

6. That'll complement my conservative sandwich-heavy portfolio

[joeglow3]

48. I see what you did their zoidberg

[blm]

35. Good - one less person buying Swanson and putting more $$ in Tucker's pocket.

.

[0rganism]

7. i'm getting ready to go on a buying spree in 2 weeks

figure there should be an excellent bear market while congress shits all over itself about paying the bills.

[RagAss]

8. You and me both.

[lonestarnot]

11. I sold mine rather than donate to give Mr. President some leverage.

Now I'm going to a clean bill rally organization where ever I go today. I think the time will be noon tomorrow at Cesar Chavez park downtown.

[Laura PourMeADrink]

19. What?....."give Mr President some leverage" ??

[lonestarnot]

20. LOL Yeah. Like my little dab would give anybody anything. But I did so because if enough people

sell off their crap and the market kaputzes, wallstreeters will contact their rightie bootlickers in congress to get on the stick and fold.

[lostincalifornia]

40. I agree, if there is panic selling, I am jumping in also. I will not be part of the panic

[liberal_at_heart]

62. must be nice for those who can afford to do it. The majority can't.

[uncle ray]

95. yeah, much better to profit off the coup attempt.

[dkf]

61. Yup. Raised cash earlier thinking there would be volatility right about now.

[el_bryanto]

9. I am holding on - although I expect a bad couple of weeks

I don't really have time to time the market, and I have confidence in the stocks and funds I am in.

Bryant

[piratefish08]

10. we are - just had the discussion last night and it will be done this week.

uncertainty and nervousness about the markets going have led us to the decision that our (limited) retirement money is going to be put to better use paying down debt now, becoming more energy efficient and self reliant and starting our business......

the penalty is of course ridiculous, but we feel like we can either pay it now or lose it going forward.

just our opinion - ymmv......

[Iwasthere]

12. If stocks dropped dramtically Boner would come around I bet ....

I suspect many in the know figured that their BS antics would make the market tumble quicker (side benefit, make some $$$ - neg commodities). Perhaps they are just waiting for the bottom so they can sell, then turn around and buy. I would be curious to see some of threir buying and selling habits right now.

However, stock market is not cooperating

[lonestarnot]

13. I bet he would start kissing some boots don't you?

[A HERETIC I AM]

23. Please explain how selling at the bottom....

and then buying back in at that point EVER MADE ANYONE A DAMNED DIME!

Perhaps they are just waiting for the bottom so they can sell, then turn around and buy.

Really? Is that how it works?

[lonestarnot]

24. Isn't that why sell before the slide?

[A HERETIC I AM]

30. The poster I responded to said...

"Perhaps they are just waiting for the bottom so they can sell, then turn around and buy."

"Sell high, buy low" and vice versa. What the above quote is saying is sell at the bottom and then re-buy. Can't make any money doing that.

[Warpy]

87. Or maybe he was laughing at the reactionary, emotional investor

who hits the panic button as they drop and then is faced with the prospect of either staying out of the market or trying to repurchase what he can at the higher rate.

Panic is the worst reason to make any financial decision.

My own problem is where I'd put it if I exited the market. I think if Congress defaults, bonds and t-bills are going to crater. I'm not convinced of the stability of any bank or credit union. If I leave things where they are, my net worth will take a temporary beating, but the stocks will still generate income.

So my own strategy is going to be to look at how lousy the market is and download some escapist trash to read or watch and hope it gets better once this idiocy is over and, with luck, a few teabagger assholes and their string pullers are in prison.

[lostincalifornia]

43. and what if there isn't that slide?

[lonestarnot]

44. Depends. Want to take that gamble?

[orpupilofnature57]

59. Only if I can hedge .

[mnhtnbb]

14. Sold most everything early summer. Did buy euros yesterday, though

to use on our trip end of Oct/Nov to Europe. Decided not to gamble
on the Repubs trashing the dollar just when we want to travel.
Weighed the pros/cons of currency fluctuation, plus costs of using
credit card, and decided to pay for the trip with euros. Maybe
it will help us keep to a budget, too!

On edit: we are now $153. ahead on our purchase based on the rate I
paid yesterday morning vs. the rate right now for the same amount
of euros we are taking.

[lonestarnot]

15. Have the time of your life mnhtnbb.

[mnhtnbb]

17. We intend to! Our youngest son is in Berlin

on a Fulbright, so we'll end up there for a week. If we don't use up our euros,
guess who'll get to keep them for a few beers!

[lonestarnot]

18. Best place in the world for beer, if you like beer. Me not so much.

[HappyMe]

16. I have some beef stock in the fridge.

[spanone]

21. the economy IS recovering, but these teafuckers...

[lonestarnot]

22. Yes, the teahadists object. They prefer anarchy.

[JaneyVee]

25. 30 days and I'm buying a shitload.

[Xyzse]

92. Same here!

[sendero]

26. I did that....

... in 2002 and I will never get fleeced by the Wall Street casino again.

[Benton D Struckcheon]

27. I pee frequently.

As for stocks, I hedge with options: sell calls, and if things start to look really dicey, buy puts underneath the current price, which is probably what I'll be doing more frequently as the debt limit deadline gets closer. Technically called a "collar".

[SheilaT]

28. Not me.

I did recently switch to a different investment firm. Same guy is managing my stuff, however, because he moved from a big name firm to this smaller one. I'm much happier with what's happening with my money now.

People just love to call for a catastrophic crash in the market. It happens here with regularity. And no, I don't bookmark posts so I can't point you to any.

[geek tragedy]

33. Simple calculus: will the Republicans be patriots

or terrorists?

If you believe the latter, SELL.

[SheilaT]

38. Those are my only choices?

Yeah, things will be rough for a while if this country defaults, and I make absolutely no predictions as to whether or not that will happen. Meanwhile, even though things aren't as terrific as they could be or as they would be had the Republicans been willing to pass genuine job creation legislation, the fundamentals of our economy are nothing like they were in 1929.

I'm in it for the long haul.

Plus, I don't have all of my money in stocks. A significant portion is in bonds.

[geek tragedy]

50. We're talking 20 years of depression/recession.

The government will have to reduce its borrowing drastically, which will mean a reduction in spending, leading to a downward economic spiral. And the resultant liquidity meltdown will make 2008 look like the good old days.

Buy Exxon and Microsoft if you need to be in equities.

[SheilaT]

51. I'm not talking 20 years of depression/recession.

Once again, the worst-case scenario as the only-case scenario.

I've been reading these things for too long now to buy any of them.

[geek tragedy]

55. Either there will be a default, or there won't.

Republicans were willing to default in 2011--only reason they didn't was Obama caving .

They're even crazier now.

[Eleanors38]

93. The only thing going for me is a free & clear house in a high $ area of Austin, Tx.

Taxes are murderous, interest rates low, and I got out of the stock market completely 3 yrs ago. Anything worth investing in will probably be capitalizing micro-biz, here: Over 1,200 folks establishing residence each wk, and occupancy rate is effectively 100%. Even so, there is talk of real estate values flattening; there's big demand, but little $ for the sky-high bids-over-asking price.

Distortion best explained by the sociology of those remaining people-with-money "fleeing" to a hepcat city, even as they make it increasingly unliveable and unworkable. Small biz start-up & capitalization seems the only way to go, esp. around localvore/sustainability ventures. Good success in this.

[redstatebluegirl]

29. We are looking into adjusting some things in our retirement account.

I need to be careful doing anything rash when I'm this scared...

[geek tragedy]

31. Will try to liquidate my wife's retirement acct this week. nt

[Demo_Chris]

32. Stock?

[lostincalifornia]

34. I am not. The only reason one should sell is if they need the liquidity, then they should not have

been in the market in the first place.

If one has good quality assets, bonds or stocks, hold tight.

History, even the crash of 1987 and 2000 has shown that if one has good quality positions, in the long term things should be fine.

[Frustratedlady]

65. Won't I be OK if I transferred mine to a

guaranteed savings (MetLife) with the idea of getting back in when it hits bottom? I left a couple weeks ago before this last dip.

[lostincalifornia]

66. Sure

[Blue_In_AK]

36. Converted all of ours back in 2008.

We've been too paranoid to get back into the market. This 15,000+ stuff can't last.

[Eleanors38]

94. 15,000 was pretty much where it was when the Hindenburg blew out 6 yrs ago...

I figured then it would lose 5,000 points in financial flatulence, then build back up simply because it was the only game in town given lack of liquidity, interest, and wages; in other words, no real growth in productivity has lead to another gas bomb-in-waiting. There are good stocks if you are young and can wait, and I had a few which allowed me to get out of the last collapse with a slight gain. But not going into that rigged casino again.

[Blue_In_AK]

98. Yeah, we weren't young in 2008

And we're even more not young now. My husband's blood pressure couldn't stand watching the numbers, which is why we got out. We're not making much money now, but at least we're not losing. We can afford to sit on it because he has an evil union pension and we both get that evil social security.

[Warren DeMontague]

37. I sold all mine in March of 2009, when the DJIA was around 6,000

because that's what the financial experts on DU told me to do since they were convinced we were DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMED!!!


No, I'm kidding.

[lonestarnot]

39. We have financial experts? Whoa.

[Warren DeMontague]

45. Some people pay good cash money for that sort of advice, but you can get it here for FREE!

Heh heh.

Seriously, I wasn't exactly flush for cash in March of '09, but I remember sort of timidly saying "shit I wish I was, now'd probably be a good time to buy"... FUCK if some people didn't pile on me for that. "You fool! It'll be down to 300 before next month AEEEE DOOOOOMED!"

Yeah, well, I was right. Not that being right counts for anything.

[lonestarnot]

53. I'm sorry.

[Warren DeMontague]

56. I'm sorry I didn't have a fat chunk of cash to invest, back then, for sure!

But as far as chatter on DU, meh. Doesn't bother me.

[lonestarnot]

58. I'm sorry they stole all the cash.

[Eleanors38]

96. My youngest brother hit one into the stands by buying Ford

[Marrah_G]

41. I'm using mine to make chicken soup

[lame54]

42. I'm not selling my stock in peas - I'm hoping they split

[lonestarnot]

49. Snort! LMAO!

[bhikkhu]

46. I have a little money in two funds...but no, not selling

One of the reasons I'm in two low-fee funds is that I don't want to have to worry about buying and selling and hitting price points, what IPO to jump on, when to bail out, timing the markets, etc. Years ago I did a bit of it and decided it was nothing but a miserable stressfest that I wasn't suited for.

If things go down, its just for long-term retirement anyway, and I'm a long-term optimist.

[Warren DeMontague]

47. I may still have some naughty pilgrims I need to punish.

[liberal_at_heart]

52. We're getting ready to cash in our 401(k) to try and start a business.

We have not been able to contribute to our 401(k) in 3 yrs and unless something changes, we will not be able to save for another penny for retirement. And $100,000 is not enough to retire on anyway. So, the 401(k) was a lost gamble. Here's hoping gambling on ourselves works out better.

[lonestarnot]

54. Here's to hoping.

[liberal_at_heart]

60. Each of my kids has $10,000 in a college fund. Woopie. That won't even pay for one year.

My 18 yr old is going to community college right now, and will be taking out loans for the university. Investing for the average American has not worked out at all. It certainly has for the 1% though. And as we all know the whole world revolves around them.

[SheilaT]

73. Starting out a community college is what most

kids should probably do.

Plus, the community colleges usually have excellent certificate programs that will have them working and earning decent money in two years or so. Four year degrees are overrated, especially the ones in things like anthropology or 19th century French poetry. Those are very interesting topics, but there are not a lot of jobs in those fields.

Just make sure they work with the college so that they are crystal clear about which of their classes will transfer and which ones won't. Some community colleges actually have on-line charts for that sort of thing.

[Eleanors38]

97. I and my 3 brothers went to comco before getting uni. Degrees.

[brooklynite]

57. If that's your attitude, don't invest in the first place

Last edited Sun Oct 6, 2013, 06:28 PM - Edit history (1)

You should invest for the long haul, where abrupt rises and falls get balanced out. Unless you have business acumen AND an idea of where to move your money, you're likely to panic and get burned

[lonestarnot]

63. Whether the losses are from abrupt rise in interest rates or a market crash, remember that it

was all for no reason, if it happens.

[mockmonkey]

64. I'm 53 and I always have to pee

I have a prostate the size of a canned Ham. Every time someone on DU just writes drip...drip...drip I'm off to the bathroom.

[lonestarnot]

67. You better have your water works check out.

[mockmonkey]

69. I've been to the doctors

I get kidney stones about every 6 years or so to add to my enjoyment. Maybe with my next lithotripsy I can have them aim at my prostate! I kid! I kid!

[TeeYiYi]

68. Drip....drip....drip....

Last edited Sun Oct 6, 2013, 09:51 PM - Edit history (1)

TYY

[mockmonkey]

70. Damn You!

Which is the canned Ham?

[lonestarnot]

71. Good gawd. Ham forever ruined.

[Shrike47]

83. I'm old and have had babies. I know what constant is. And my bladder's the size of a pea.

[lordsummerisle]

88. LOL n/t

[Walk away]

72. I'm already out...

It isn't much after 2008 and a medical emergency but I'd rather hold it, wait and see.

[Link Speed]

74. Same here, I cashed before the Crash

Bought land in Wine Country.

[lumberjack_jeff]

75. And buy... what?

Ordinarily, buying government debt is the safe choice.

[lonestarnot]

77. May I suggest beans and rice.

[lumberjack_jeff]

80. We just harvested our potatoes and canned a bunch of green beans. Close enough? n/t

[lonestarnot]

82. Sufficient quantities?

[lumberjack_jeff]

85. Not enough to last until the 2014 election.

[lonestarnot]

86. Well crap. Back to rice and beans. And tortillas.

[DJ13]

76. I have to pee!

Oh, wait..... nevermind.

[lonestarnot]

78. Yep another waterworks issue.

[DJ13]

79. LOL

[truebrit71]

81. Sold half and took profits...

...going to ride it out with the other half...

[lonestarnot]

84. I wouldn't give them half of mine.

[1-Old-Man]

89. We (son and I) sold out over the summer and are just waiting to buy it all back.

My son and I have been investing a little bit of money each for about ten years now. It has grown to a size that when I die it will bring him more then my life insurance will to my wife. Anyway we sold out of various mutual funds for mid cap companies, a couple of index funds, and some overseas stuff over the course of the summer. The time to buy it all back will come within days. I sort of hate to say it but this nonsense by the Republicans looks like its going to put us in tall cotton.

The day approaches ....

[lonestarnot]

90. I have questions but probably too personal to ask here, so I won't ask. Good luck man.

[raouldukelives]

91. Anyon who doesn't want funding ALEC, climate denial and the TPP as a legacy. nt