How Low Can It Go?

CRedskinsRule · 03-03-2009, 09:46 AM

I am pretty sure 0 is the lowest, but let's hope everyone/someone/anyone gets a clue before than

That Guy · 03-03-2009, 09:48 AM

can't go past 0... or can it?

saden1 · 03-03-2009, 09:49 AM

The real question is how low will it stay and for how long? At this point 5000 is not out of the question.

redskinjim · 03-03-2009, 09:57 AM

if you look at history when the market goes up and down in wild swings they called them suckers rallys in the great depression.this is now a mini depression the stock market is like a casino it will let you win a little but take every dime you have before you know what hit you

redskinjim · 03-03-2009, 10:00 AM

i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

firstdown · 03-03-2009, 10:13 AM

Quote:

Originally Posted by redskinjim

i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

That is true but for retired people with all their savings in the market they are getting hammered. Most people do not realize that as you start to get close to retiring you should move your money to fixed products so you know its safe. Then maybe keep some made money in the market to play around with.

over the mountain · 03-06-2009, 11:18 AM

Quote:

Originally Posted by redskinjim

i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

yeah, the say at times like these the rich get richer, the poorer get poorer.

Im losing aprrox. 4k every 3 mos on my 401k. given that i am hesitant to throw any of my non-401k savings into the market. i really just dont know what to do right now.

should i take my savings and invest in some cheap but well known producing stock?

should i buy a new home (tax & penalty free as 1st time home buyer) by clearing out my 401k just so i dont continue to lose 3-4k every quarter?

im feel kinda screwed right now. i could have bought a house with no money down like every one else and have the fed bail me out b/c i dont know how to live within my means. But no, i played it smart, saved up enough to put 10-25% down so i wouldnt over-extend myself. now my 401k has been chopped in half and i am not in a good position to buy a home . . all these people who had no business thinking they could afford a home but did anyway may very well get "bailed out" . . . while i saved up only to have my life savings cut in half and still dropping.

i say the dow doesnt drop below 5800, no way it can go lower than that i hope.

go skins!!

firstdown · 03-06-2009, 12:25 PM

Quote:

Originally Posted by over the mountain

yeah, the say at times like these the rich get richer, the poorer get poorer.

Im losing aprrox. 4k every 3 mos on my 401k. given that i am hesitant to throw any of my non-401k savings into the market. i really just dont know what to do right now.

should i take my savings and invest in some cheap but well known producing stock?

should i buy a new home (tax & penalty free as 1st time home buyer) by clearing out my 401k just so i dont continue to lose 3-4k every quarter?

im feel kinda screwed right now. i could have bought a house with no money down like every one else and have the fed bail me out b/c i dont know how to live within my means. But no, i played it smart, saved up enough to put 10-25% down so i wouldnt over-extend myself. now my 401k has been chopped in half and i am not in a good position to buy a home . . all these people who had no business thinking they could afford a home but did anyway may very well get "bailed out" . . . while i saved up only to have my life savings cut in half and still dropping.

i say the dow doesnt drop below 5800, no way it can go lower than that i hope.

go skins!!

If your young you have time for your 401 to come back but I would have someone review what its invested in to make sure they are not so bad that they will never come back. You can choose some investments that give a guaranty on your money.

That Guy · 03-06-2009, 04:22 PM

Quote:

Originally Posted by over the mountain

yeah, the say at times like these the rich get richer, the poorer get poorer.

Im losing aprrox. 4k every 3 mos on my 401k. given that i am hesitant to throw any of my non-401k savings into the market. i really just dont know what to do right now.

should i take my savings and invest in some cheap but well known producing stock?

should i buy a new home (tax & penalty free as 1st time home buyer) by clearing out my 401k just so i dont continue to lose 3-4k every quarter?

im feel kinda screwed right now. i could have bought a house with no money down like every one else and have the fed bail me out b/c i dont know how to live within my means. But no, i played it smart, saved up enough to put 10-25% down so i wouldnt over-extend myself. now my 401k has been chopped in half and i am not in a good position to buy a home . . all these people who had no business thinking they could afford a home but did anyway may very well get "bailed out" . . . while i saved up only to have my life savings cut in half and still dropping.

i say the dow doesnt drop below 5800, no way it can go lower than that i hope.

go skins!!

i just started a foliofn account... you can use it for retirement accounts or disposable cash, but its like a super low fee mutual fund where you choose your own stocks (or you can leave retirement money as straight cash in there)... they have pre-made investment strategies that including bear market funds (which are short sale stocks that go up when the market goes down, and go down when the market goes up)...

the fact that you can trade in and out of positions without having to take tax hits or rollover paperwork or whatever is nice though.

of course, trading inside your retirement account without research or whatnot isn't necessarily a good idea, but being able to pick individual stocks instead of mutual funds has saved me some money during the downturn.

Schneed10 · 03-03-2009, 11:14 AM

I've begun to increase my monthly contributions to my retirement accounts and to my daughter's 529 (she's 2).

Now is a very smart time to steadily buy back in - if you have 10 years or more before you need the money.

redskinjim · 03-03-2009, 11:56 AM

where else can a person put money ? real estate is cheap again

jsarno · 03-03-2009, 01:28 PM

Call me an optimist, but I do not see it going below 6000. This is going to rebound soon.

That Guy · 03-03-2009, 01:31 PM

i'd assume companies like GE or whatnot could be good buys.

MTK · 03-03-2009, 02:15 PM

Microsoft is pretty low too, there's a lot of bargains out there, the question is how much lower are things going to go?

Monkeydad · 03-03-2009, 04:09 PM

3500.

03-03-2009, 09:46 AM	#1
CRedskinsRule Living Legend Join Date: Aug 2008 Age: 58 Posts: 21,698	Re: How Low Can It Go? I am pretty sure 0 is the lowest, but let's hope everyone/someone/anyone gets a clue before than

03-03-2009, 09:48 AM	#2
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: How Low Can It Go? can't go past 0... or can it?

03-03-2009, 09:49 AM	#3
saden1 MVP Join Date: Feb 2004 Location: Seattle Age: 46 Posts: 10,069	Re: How Low Can It Go? The real question is how low will it stay and for how long? At this point 5000 is not out of the question. __________________ "The Redskins have always suffered from chronic organizational deformities under Snyder." -Jenkins

03-03-2009, 09:57 AM	#4
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 377	Re: How Low Can It Go? if you look at history when the market goes up and down in wild swings they called them suckers rallys in the great depression.this is now a mini depression the stock market is like a casino it will let you win a little but take every dime you have before you know what hit you

03-03-2009, 10:00 AM	#5
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 377	Re: How Low Can It Go? i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.

03-03-2009, 11:14 AM	#10
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 46 Posts: 12,458	Re: How Low Can It Go? I've begun to increase my monthly contributions to my retirement accounts and to my daughter's 529 (she's 2). Now is a very smart time to steadily buy back in - if you have 10 years or more before you need the money. __________________ God made certain people to play football. He was one of them.

03-03-2009, 11:56 AM	#11
redskinjim Special Teams Join Date: Jun 2008 Location: fresno ca Posts: 377	Re: How Low Can It Go? where else can a person put money ? real estate is cheap again

03-03-2009, 01:28 PM	#12
jsarno Franchise Player Join Date: Mar 2004 Location: 31 Spooner St. Age: 50 Posts: 9,534	Re: How Low Can It Go? Call me an optimist, but I do not see it going below 6000. This is going to rebound soon. __________________ Zoltan is ZESTY! - courtesy of joeredskin

03-03-2009, 01:31 PM	#13
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	Re: How Low Can It Go? i'd assume companies like GE or whatnot could be good buys.

03-03-2009, 02:15 PM	#14
MTK \m/ Join Date: Feb 2004 Age: 52 Posts: 99,832	Re: How Low Can It Go? Microsoft is pretty low too, there's a lot of bargains out there, the question is how much lower are things going to go? __________________ Support The Warpath! \| Warpath Shop

03-03-2009, 04:09 PM	#15
Monkeydad Living Legend Join Date: Mar 2006 Location: PA Age: 46 Posts: 17,460	Re: How Low Can It Go? 3500. __________________ Not sent from a Droid, iPhone, Blackberry or toaster

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

How Low Can It Go?

Parking Lot