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| Oops ! here we go again ..... panic has broken out; in share markets AGAIN .... ZZZZZZZZ | |
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| Tweet Topic Started: Jan 22 2008, 06:28 AM (476 Views) | |
| somerled | Jan 22 2008, 06:28 AM Post #1 |
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Admiral MacDonald RN
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No , it will blow over. Stupidity seems very contageous when it comes to stock speculators. |
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| Intrepid2002 | Jan 22 2008, 07:32 AM Post #2 |
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UNGH!
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I'm hoping it will blow over. I think I've been through this before and as far as I can tell my portfolio looks okay.
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| Admiralbill_gomec | Jan 22 2008, 08:08 AM Post #3 |
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UberAdmiral
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This will be a minor correction to allay fears about the media-driven subprime "crisis." I'm seeing a good opportunity to buy low early this afternoon. |
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| Minuet | Jan 22 2008, 08:43 AM Post #4 |
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Fleet Admiral Assistant wRench, Chief Supper Officer
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Yes, but not enough to join the panic. My concern is more about the shorter term investments we have rather then the longer term. Our retirement is still far off and those monies will ride out this storm easily. Every time we have these "corrections" I worry more about the RESP investments we have for the kids. They have not performed as well as I would like over the last few years and I am looking at college/university for the first one in only 4 years. Sometimes I wonder if I should just take the money and put it into a savings account instead. |
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| Hoss | Jan 22 2008, 08:43 AM Post #5 |
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Don't make me use my bare hands on you.
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For anyone who doesn't know, the market is cyclical, but goes upward on average. It may have a few down months or a down year, but a long-term investor like myself has no real cause for concern. |
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| Dr. Noah | Jan 22 2008, 09:31 AM Post #6 |
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Sistertrek's Asian Correspondant
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Yeah, my IRA lost about 20% in the last six months. :angry: The market has been unusually tempremental lately, and the American dollar is now equal to the Canadian and Austrailian dollar. When I visited Toronto back in 2000 the Canadian dollar was 2/3 of the American dollar. |
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| Minuet | Jan 22 2008, 09:40 AM Post #7 |
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Fleet Admiral Assistant wRench, Chief Supper Officer
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The Australian dollar is not at the same level as the American or Canadian dollar. American and Canadian are trading close to par. The Australian is worth only 87 cents in comparison, according to my bank today (I just checked) |
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| Dr. Noah | Jan 22 2008, 09:42 AM Post #8 |
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Sistertrek's Asian Correspondant
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OK, that was a rough estimation based on when I was at the bank last week. |
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| Admiralbill_gomec | Jan 22 2008, 09:43 AM Post #9 |
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UberAdmiral
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Exactly. I'm adding to my portfolio, and I balance it every three months or so, but the people most affected by these swings are day traders. My overall portfolio gained 13.8% in share value in 2007. I got lucky, and this past fall hasn't affected me much at all. I've seen some dipping since the first of the year, but am not at all worried about it. As I said, I'm going to see what trading is like this morning, and once the "weak sisters" are shaken out, will look to do some small targeted purchases. |
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| Admiralbill_gomec | Jan 22 2008, 09:45 AM Post #10 |
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UberAdmiral
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You do realize you should rebalance your portfolio every three to six months, right? You shouldn't have taken that kind of drop. If you see the market heading down, and analysts predict further drops, move some to bonds. The dollar slide has little to do with the value of your portfolio. |
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| ds9074 | Jan 22 2008, 10:40 AM Post #11 |
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Admiral
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Well in points terms the London market suffered its biggest ever loss yesterday and its biggest percentage loss since 9/11. However I am more concerned over the Federal Reserve heavily cutting interest rates by 0.75% outside of its normal schedule for a rate decision. It smacks of panic and if the Federal Reserve is that concerned then we may have a problem. I just read that the Fed hasnt cut rates in one move by that much since 1982. |
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| STC | Jan 22 2008, 11:16 AM Post #12 |
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Commodore
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If you have a sensible long-term investment strategy, short-term panics and cylical downturns really shouldn't affect this. Additionally, lots of people make the classic mistake of buying in a rising market, in reality buying when the market is near its peak. The brave thing to do, if you can get your timing right, is to buy at the bottom of the market i.e. when no-one else is touching shares. Then, you benefit more than anyone from the upturn. Takes a lot of nerve though. |
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| Hoss | Jan 22 2008, 12:44 PM Post #13 |
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Don't make me use my bare hands on you.
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Wise man once said: "Don't try to catch a falling knife." |
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| Dandandat | Jan 22 2008, 01:41 PM Post #14 |
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Time to put something here
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I am not conserned as this down turn wont affect me much at all. |
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| Data's Cat's Sister | Jan 22 2008, 02:54 PM Post #15 |
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Commodore
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I wish I understood all this stuff. I tried to make my way through an economics book once but I just didn't get it. What I heard on the news this morning is that a lot of companies had lost value. If that is the case doesn't that mean that there may be a lot of redundencies in that company? |
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