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Old 09-29-2008, 09:14 PM   #21
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The economy will go back up, as it always has. Stay invested and keep your emotions out of it :)
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Old 09-29-2008, 10:36 PM   #22
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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.
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Old 09-29-2008, 10:44 PM   #23
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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.
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Old 09-30-2008, 04:01 AM   #24
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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. What the hey, it's only money anyway. Let's make a great meal and have a party. It worked for Nero...didn't it?
I'm doing the same - not going to sell it and eventually it will go up again so what's the use stressing ?
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Old 09-30-2008, 12:07 PM   #25
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Just out of curiosity, how much did you spend to win $800?? I'm always interested in the bottom line...income - expense=profit. We all know it takes money to make money, and there aint no free lunch. High rollers are treated better because they spend more.
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.
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Old 09-30-2008, 12:15 PM   #26
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If I were in Vegas I'd be playing Blazing 7's.
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.
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Old 09-30-2008, 03:54 PM   #27
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I am married so I lose money EVERY day!! ;)
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Old 09-30-2008, 03:56 PM   #28
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I am married so I lose money EVERY day!! ;)
There's a lot of truth to that.
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Old 09-30-2008, 04:03 PM   #29
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I review my portfolio weekly and it's been downhill since 5//16/08 (-5.8% through 9/26/08).
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Old 09-30-2008, 04:49 PM   #30
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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.
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