DOW sucks eggs today

[Porsche-O-Phile]

Down 320 points? F*ck!

Glad I don't hold index shares. Some of my stuff is taking a hit today, but overall I think it'll be fine. Mostly energy company stuff, some tech.

I bet Wayne's kicking himself for not holding those short positions for a few more days.

[techweenie]

Originally Posted by Porsche-O-Phile

Down 320 points? F*ck!

Glad I don't hold index shares. Some of my stuff is taking a hit today, but overall I think it'll be fine. Mostly energy company stuff, some tech.

I bet Wayne's kicking himself for not holding those short positions for a few more days.

Glad I'm holding AAPL...

[widebody911]

I sold off everything not in my IRA back in May, all I'm holding right now is PNIS, on which I have a long position.

[techweenie]

Originally Posted by widebody911

I sold off everything not in my IRA back in May, all I'm holding right now is PNIS, on which I have a long position.

Oh, are your PNIS holdings up today?

[widebody911]

Originally Posted by Wayne at Pelican Parts

Hey now, let's keep this PG-13...

I wish - more like PG-9.5...

[turbo6bar]

Originally Posted by widebody911

I wish - more like PG-9.5...

Only 9.5cm? Ouch. Sorry to hear that.

[Porsche-O-Phile]

That ain't bad if it's girth.

[Hugh R]

Everyone of my funds is down, alot. I think riight now I've lost all my gains for the last six months.

[on2wheels52]

Checking your stocks every day is like telling time with the second hand. Relax.
Jim

[competentone]

Originally Posted by on2wheels52

Checking your stocks every day is like telling time with the second hand. Relax.

Not checking your stocks every day (or every hour, or minute, depending on what you own) is like driving with tape over your oil pressure gauge!

Just as you want to keep an eye on how your motor is running, so too should you want to be keeping on eye on how your investments are doing.

How much you check does depend on exactly what you own, why you bought what you own and what parameters you are watching for that will make you decide to sell what you own. For some investment portfolios, checking once a month might be fine, for others, watching every trade, might be the appropriate action.

[nostatic]

only stocks I have are what TIAA-CREF has invested in for my retirement. My 911 is my nestegg.

If we can keep down these engine block eggs we'll be sitting pretty...

[Dottore]

Only shares I own are Porsche and Apple. I said this before in another thread - but there is much to be said for buying shares in companies whose products you enjoy and in which you believe.

Just think for example, of all of the boomers that will retire in the next few years. First they'll switch from PC's (which they had to use at work) to Apple. And then they'll buy a Porsche. It may be a Cayenne. It may be a Cayman. It may even be a Boxster. But it will be a Porsche.

And please: before you flame me check out what these two stocks have done in the past two years.

[legion]

Originally Posted by Wayne at Pelican Parts

Yes, and no. I made money on the trades. I also had a period where I was down. It was a long-term strategic decision to stop playing the market because in the long run, it was only a relatively small amount of money, and it was taking up a lot of my time / energy. It's difficult to get up from the table...

-Wayne

I decided not to actively trade during college. It sucks a lot of money in fees and most people under perform the market in the long run.

And I hear that Thom's shares are due for a major correction. Something about overstating assets and performance...

[competentone]

Originally Posted by Dottore

Just think for example, of all of the boomers that will retire in the next few years. First they'll switch from PC's (which they had to use at work) to Apple. And then they'll buy a Porsche. It may be a Cayenne. It may be a Cayman. It may even be a Boxster. But it will be a Porsche.
.

Not if the market crashes and all the boomers lose their savings; or (the more likely scenario) their savings are substantially eroded by severe inflation.

[911teo]

I trade the markets for a living....

My personal savings are either in cash (CDs), real estate or with professionals.

I believe the mkts are fairly efficient. If not in a trading room you are the last one to know the news.

You should make money investing in stocks unless you are not good or unlucky. By investing in stocks you are taking a risk and markets reward risk with return.

If your return are very good you are either lucky or are takin excessive (as in high, not too high) risk.

Trading your own portfolio is addictive, stressful and dangerous as the stop loss limits are always larger than the taking profit levels....