Saphellae
Head Chef
The economy will go back up, as it always has. Stay invested and keep your emotions out of it 
Anyone else losing money today?
- Thread starter roadfix
- Start date
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If you have answers, please help by responding to the unanswered posts.
If you have answers, please help by responding to the unanswered posts.
babetoo
Chef Extraordinaire
i also equate the stock market and gambling the same way. only if i could afford to just throw money in the street, would i invest in either.
roadfix
Chef Extraordinaire
i also equate the stock market and gambling the same way. only if i could afford to just throw money in the street, would i invest in either.
Then how is your money invested? Precious metals? CD's? Annuities?
I'm sure we all try to diversify but the stock market always plays a major role, whether you're in it for short term or long term.
As far as gambling goes, I keep some "gambling" money at a brokerage firm where I can trade stocks on-line, everyday, if I wish to.....but that's money that I can afford to lose.
TanyaK
Senior Cook
I few months ago I stopped opening the monthly statements from Oppenheimer. I've been down this path before and there's no reason to add insult to injury by crunching numbers that don't mean anything unless you're going to sell an investment. I ain't sellin, so I ain't lookin neither.
I'm doing the same - not going to sell it and eventually it will go up again so what's the use stressing ?
DramaQueen
Head Chef
Who said there is no such thing as a free lunch? Sure there is. I put in $50 - played for an hour and came away with a ticket for $852. I won $802. Sure there is a free lunch - and dinner too. As a matter of fact this will pay for all of my lunches and dinners on my trip to Boston in a couple of days. We'll be there for 8 days.
And I agree with you about the bottom line. Most people who gamble don't realize they have to deduct what they started with from what they cash in. I still think the odds are better in Vegas than in the stock market right now.
At least I have a fighting chance. Pretty scary stuff going on out there.
DramaQueen
Head Chef
Don't think for one minute that it didn't occur to me to do just that. Triple 7's. What a coincidence. However, unlike investing in the market right now, I'm going to quit while I'm ahead.
roadfix
Chef Extraordinaire
justplainbill
Executive Chef
I review my portfolio weekly and it's been downhill since 5//16/08 (-5.8% through 9/26/08).
GhettoRacingKid
Sous Chef
I made quite a few bucks today. at least on paper. but im in for the long hual and its my 401K anyway so i dont see it anyway.
DramaQueen
Head Chef
I just bought a large 5% CD today. I'm feeling very good.
roadfix
Chef Extraordinaire
Where and for how long?
I was just looking at ING Direct's 2-yr/4.5% yield CD.
edit:
I realize WAMU has been bought out but that does not concern me. I just went to their site and they're offering 5% yields on on-line 12 month CD's. I might buy this.
blissful
Master Chef
- Joined
- Mar 25, 2008
- Messages
- 6,360
my 201k is hurtin'!
DramaQueen
Head Chef
roadfix
Chef Extraordinaire
If it's good enough for a gambler like you, it's good enough for me. I'm buying tomorrow morning.
jpmcgrew
Executive Chef
So are cds airtight as opposed to other acounts like money market? We have a few CDs. Are they part of the FDIC insurance?roadfix
Chef Extraordinaire
Most definitely.
roadfix
Chef Extraordinaire
My dad thought the WaMu CD was a good deal too. So I bought tonight.
