To all the Morons saying sell your stocks

[Every Man A King]

Its actually probably a good time to buy. There will be an agreement. The market goes up when sellers become buyers... not the other way around.

[flowomo]

1. buy what?

it's as much a lottery as ever.

[TechBear_Seattle]

4. Only if you buy for speculation

Stick with stocks in solid companies that pay dividends.

[iiibbb]

17. Buy indexed stuff.

... follows the market.

Get it when you think the bottom has been reached.

It is a gamble, but the market isn't going to go to 0 and it isn't going down and stay down forever.

[cdb]

2. DING! DING! We have a winner!

It makes no sense to liquidate at the bottom- or near bottom of the market.

[pegleg]

11. Actually it all depends on how much you can afford to lose.

[MercutioATC]

3. I'd hold stocks right now...keep cash in cash for a while longer.

I don't think we're anywhere near the bottom yet, but the next week or two will tell us more.

[Tallison]

12. Yes, my 401k and IRAs are in for the long-term. (and I'm 34) nt

[Sodan]

13. No where near the bottom..

I expect a big crash. Don't know when - it's just gonna happen.

[MercutioATC]

14. No crash, just a correction.

I think the bottom is somewhere between 9000 and 9500, but I could be wrong. If it drops below 10k, I'll probably start buying again in slowly.

[hogwyld]

25. I see the bottom somewhere

around 6500 - 7000. No data to back that up, but just a personal feeling.

[leftist.]

16. I'm feeling my way through this - why wouldn't you personally put a little in at this point?

Thanks!

[secondwind]

5. right on......

[Occam Bandage]

6. I think it's a good time to hold. I'm not convinced we've bottomed out, nor am I convinced

that we're due to drop further.

[democrattotheend]

7. I was thinking about buying

I own three stocks (Apple, Google and RIMM) that I could have sold 6 months ago for a nice profit but are now in the hole. I am thinking about buying more at a lower price now. Is that crazy?

[siligut]

35. Not crazy at all. That is considered a strategy. nt

[AlCzervik]

8. my major stock is down 22% right now, like i'm gonna sell, no. Riding it out and going long.

do i want to buy some more now that it's down by so much, maybe.

[bunnies]

9. Great! How much can I get for $3.27?

:shrug:

[K Gardner]

24. *snickersnort* I have an extra five bucks layin on the coffee table !

[bunnies]

29. heh. Thanks for reminding me.

I think I've got some change in the sofa! :bounce: I'm gonna be riiichhh!

[woolldog]

27. you can buy 1 share of woolldog, inc.

[bunnies]

28. lol! You're not going to tank on me are you?

:hi:

[PVnRT]

30. What's your debt ratio?

I need to make some good investments now, need to do my homework.

[jakem]

42. You can invest in a nice Latte!

[geek tragedy]

10. You're assuming we've hit bottom and that there will

be an agreement.

Mighty big assumptions.

[maseman]

15. Remember this

Buy the big DOW stocks when the market is down. Coke, McDonalds, Pharmaceuticals, energy, etc. The staples of our lives.

[dbonds]

18. Wrong, moving money in or out of the market right now is crazy.

You are gambling either way. You might get lucky or you may loose your ass. You can also loose your ass by not acting, but it is a safer bet.

[iamthebandfanman]

19. yup! i 100% agree

just make sure you do your research before buying.. look for long term investments that you know people will need regardless of what shape the country is in...


im with you, people yelling to jump ship are only making the crisis happen faster ... instead , like in any potential crisis situation, you should remain calm... think about what course of action you are going to take... LOGICALLY ... and then act on it...

this OMG WERE ALL GONNA DIE crap aint gonna help anybody.

just remember the old saying,

buy low, sell high!
hah

[Medusa]

20. If you're within 10 years of retirement, sure cash out

you shouldn't have been heavily invested in the market to begin with. But under 50? Keep your 401K investments as is. You're actually going to get some great bargains as prices fall. I seriously doubt that our entire economic system will fail although it's going to get damned ugly, damned fast if this bill isn't passed. But we'll look back 10 years from now and be glad we stayed in. Those who cashed out (unless they're dependent upon that $$$ now) won't be able to stay that.

[protect our future]

21. I bought stock last week, and my investment has doubled.

Fannie Mae. Actually it tripled before it went down to just doubling. I'm staying with it to see where it'll go when the market settles down.

There are some very good buys out there if you don't mind the risk.

I have 180 shares of Fannie at 69 cents per share. I don't mind risking a hundred or so bucks to get a possible big payoff.

[riqster]

22. ALL Investments are a gamble to some degree

...so many people forget that.

[protect our future]

26. Yes, they are a gamble. But here's how I see it:

You've got a 50/50 chance of making some money.

What are the odds of winning the lottery for people who keep buying lottery tickets? What are the odds of winning if you vacation in Vegas?

Stocks give you a much better chance.

Most of my portfolio is sucking right now and it looks like it'll take quite a while for it to come back. .... sigh .... but eventually it will come back.

[riqster]

33. I have a mixed portfolio

...mostly securities and bonds, some stock. I haven't been paying into my 401K for a couple years, given market volatility. Debt reduction has saved me more interest dollars than I would have made in the market.

I am leaving my plan intact, since I have another 20 years until retirement.

[faithfulcitizen]

23. would have to have a gun to my head to sell right now.

[Meshuga]

31. Great time to buy indeed!

It sucks about my current portfolio. :-(

But it is a great time to buy and forget about all the long term stuff.

[high density]

32. I'm upping my 401k contributions.

[musicblind]

34. Oh you are right. My brother has a degree in business and Me, my Mom, and my Dad are all buying

today instead of selling.

[TornadoTN]

37. I'm alocatting a small amount for buying indexed

That's the safest play right now. Beyond that is very risky - I'm not sure we've seen the bottom yet so I'm staying away for the time being.

[ecstatic]

36. hmm.... what's affordable and potentially profitable? nt

[Nye Bevan]

38. Don't try to pick stocks

And don't buy expensive actively-managed mutual funds, where you effectively throw away 1-2% of your return every year in return for (usually) submarket returns.

If you are just starting out in stocks, and looking to invest for the long term, go to Vanguard.com and buy the S&P 500 index fund- broad exposure to the US stock market, and the expense ratio (fee) is only 0.15% per year. Now could be an excellent time to buy, but only do this if you are in for the long term (at least 7 years or so) and if you will not panic if your holding goes down in value by 20% or so.

[protect our future]

40. Vanguard is excellent, and I believe they pioneered index funds.

But for those who can handle risk in exchange for a big reward, I'd choose Janus. When the market tanks, Janus tanks worse; but when the market goes up, many Janus funds fly higher than funds of other companies.

If only I had enough cash to invest in a Janus fund right now ... sigh ....

[democrattotheend]

39. I'm 24 years old. I'm keeping my money in the market

I may even buy more stock tomorrow to lower my cost basis. I'm a little skittish but I think it's the right move...this may be a dumb line of thought, but I also feel like it's the right thing to do for the country for those of us who are younger and don't need the money way to stay in or buy more stock...maybe I am crazy though. I don't really know much about it. I'm going to watch Jim Cramer tonight and see what he says.

[Onlooker]

41. I don't agree

Anyone who may need to access that money in the next year or so should sell some, just in case the bottom really falls out (and let's not forget that even those who favor the bailout are not sure if it will solve or delay the problem). People who won't need to touch the money for 10 years or more should probably leave it where it is.