No comments on the stock market???

[competentone]

Maybe I missed it, but I don't see any thread commenting on the stock market's decline today?

Well then, I'll start one!

I'm surprised gold didn't rally on the market's decline -- I wish it had since I just purchased some Golden Star Resources (symbol: GSS) in my Roth account.

Anyone "panicking" and planning to sell, or will you be looking for buying opportunities?

[cantdrv55]

Not panicking or planning to sell. I'll ride it out like I've done in the past. I just won't look at my 401K and Roth accts.

[legion]

What's up with the DOW? Down 500+

[many944s]

Originally posted by cantdrv55
Not panicking or planning to sell. I'll ride it out like I've done in the past. I just won't look at my 401K and Roth accts.

Amen... Riding the storm out is the safest route! This too shall pass.

-Nick

[competentone]

Originally posted by legion
What's up with the DOW? Down 500+

Thanks. Don't know how I missed the thread; it's right there on page one!
(My wife has been telling me I need glasses....)

[Porsche-O-Phile]

Two words: "Overseas Funds".

Thankfully, I have much of my 401k in those. It offset todays losses in the domestic stock-based funds considerably.

[on-ramp]

U guys betting your retirement in the stock market? wow.

[VincentVega]

What's a better alternative to stocks???

Funny, I was in meetings or on the road all day and didnt check the market until now. Oh well.

[cantdrv55]

We can't all be real estate moguls.

[pwd72s]

Originally posted by on-ramp
U guys betting your retirement in the stock market? wow.

So far, so good...this correction has been a long time coming.

[Dueller]

I know EXACTLY what the stock market will do tomorrow, next week and a year from now.

[competentone]

Originally posted by on-ramp
U guys betting your retirement in the stock market? wow.

Investing has no relationship with "betting."

Betting is always a zero-sum-game, for every winner, there is a loser.

Investing is about allocating capital in the creation of wealth. If done correctly, no one loses anything.

[HardDrive]

Originally posted by Porsche-O-Phile
Two words: "Overseas Funds".

Thankfully, I have much of my 401k in those. It offset todays losses in the domestic stock-based funds considerably.

My overseas took it pretty hard today as well. One of them lost 7.29% (VWO).

Tomorrow is another day. No biggie.

Frankly, I would not be suprised if we have a very tough year.

[competentone]

Originally posted by HardDrive
My overseas took it pretty hard today as well.

Asian markets are taking a good hit right now:

http://www.bloomberg.com/markets/stocks/futures.html

[Porsche-O-Phile]

Mine has some Asia stuff in it (which didn't do so hot) but is very heavy in European and ME stuff.

[on2wheels52]

Checking your stocks every day is like using a stopwatch to tell time. Think long term, buy and hold, check in every couple of months. My portfolio makes more than my day job.
Jim

[on-ramp]

Originally posted by competentone
Investing has no relationship with "betting."

Betting is always a zero-sum-game, for every winner, there is a loser.

Investing is about allocating capital in the creation of wealth. If done correctly, no one loses anything.

u really believe the stock market is "Investing" ? it's a game, it's betting, stocks rise up and fall down based on daily speculation. big moves made by a few hedge fund managers.. is that "investing"? I don't think so.

the stock market provides great risk without the control. do you really want to wait 20 or 30 years to discover whether you made out well? There are many other vehicles to multiply your money without the risk. Only a few people generate large wealth on Wall St.

[hytem]

Just one of those irrational hiccups. Maybe a due correction from the recent advances.I understand part of the selloff was artificial, created by a glitch in the electronic trading. Wall St should be concerned about his. Some computers are set to buy or sell on their own--depending on what certain indices say. That should be banned. You want people controlling, not computers.

This is an excellent opportunity to make some fast money, as these types of selloffs, without much foundation, correct quickly.

I also find it disturbing that a single person such as Greenspan or Berneke can have such a big effect on the market. That isn't healthy. Especially Greenspan, who is no longer connected with the Fed, and can make a lot of money influencing the market. He "warned" of a recession in 2007. That's irresponsible, in my view.

[hytem]

Originally posted by on-ramp
u really believe the stock market is "Investing" ? it's a game, it's betting, stocks rise up and fall down based on daily speculation. big moves made by a few hedge fund managers.. is that "investing"? I don't think so.

the stock market provides great risk without the control. do you really want to wait 20 or 30 years to discover whether you made out well? There are many other vehicles to multiply your money without the risk. Only a few people generate large wealth on Wall St.

Long-term, the peaks and valleys tend to smooth out. You have to expect occasional selloffs. That's the time to buy.

The best investment is real estate. As long as the population keeps growing.

[Joeaksa]

Originally posted by on-ramp
U guys betting your retirement in the stock market? wow.

Not all of us are hiding in the basement, worried about the future.

My 401k was up 18% in the last 7 months with a good mix of US and overseas funds. Yes it took a slight hit yesterday but thats life. I have at least half of my retirement portfolio focused overseas and have done so the last 18 years.

Yes, I invest EVERYWHERE and if I do not do this then I am screwing MYSELF on my retirement. Those who do not look at every option available are simply screwing themselves out of the retirement that they deserve. Its your choice.