CNBC headline courtesy of Drudge....
http://www.cnbc.com/id/47629549
The younger members probably don't even remember the great depression of 2010 but as an old-timer I found this very alarming. I intend to sell off the stock portion of my portfolio first thing in the morning.
Stocks Post worst May since 2010
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Stocks Post worst May since 2010
Last edited by jackely on Thu May 31, 2012 7:13 pm, edited 1 time in total.
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Re: Stocks Post worst May since 2010
Wouldn't that make it a great buying opportunity (for your VP, of course)?
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Re: Stocks Post worst May since 2010
I wouldn't know a great buying opportunity if it walked up and smacked me in the face which is why I love the PP.Pointedstick wrote: Wouldn't that make it a great buying opportunity (for your VP, of course)?
And is also why I was only kidding about selling my stocks based on the Drudge Headline.
As for a VP, I don't have one yet. Maybe someday. Right now I need all the money I have.
Re: Stocks Post worst May since 2010
One of the beautiful things about the PP is that it allows an investor to truly see what it feels like to be a successful investor.jackh wrote:I wouldn't know a great buying opportunity if it walked up and smacked me in the face which is why I love the PP.Pointedstick wrote: Wouldn't that make it a great buying opportunity (for your VP, of course)?
And is also why I was only kidding about selling my stocks based on the Drudge Headline.
As for a VP, I don't have one yet. Maybe someday. Right now I need all the money I have.
I think that prior to the PP many investors have never really felt in control of their investment strategy. That was certainly my experience.
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Re: Stocks Post worst May since 2010
Exactly. When your investments are making gains, you always wonder when its time to take profits. When they're taking losses, you don't know whether to get out or buy more.MediumTex wrote: I think that prior to the PP many investors have never really felt in control of their investment strategy. That was certainly my experience.
With the PP, you don't have to worry about that stuff at all, and you get to feel like some kind of contrarian genius whenever you rebalance.
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