Stock Market Affecting Your Decision?
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Wow Mr.Clam, 17 and in the stock market?
Hey don't get me started on the stock market. I guess the performance of the market has not affected my decision since I already bought.
My money is in the market for the long term, so these short bumps are really not affecting my finances. Don't really need the money and in fact I look at this as a buying opportunity.
For those of you who are practicing dollar cost averaging, these are your good times!
My money is in the market for the long term, so these short bumps are really not affecting my finances. Don't really need the money and in fact I look at this as a buying opportunity.
For those of you who are practicing dollar cost averaging, these are your good times!
man oh man. u cannot imagine how hurting i am.
cpwr stock -- down 84%
dell (24K shares) -- down ~50%
nvda -- doing well...been holding since ipo
uti -- doing well
intel -- dogging
amd -- a bit above cost basis
qcom -- doing pretty well
unfortunately, most of my holdings are in cpwr, dell, and intel.
i've averaged my cost basis down, tho, so hopefully its a matter of time.
the close presidential race prolly has a lot to do with it...that and the new energy crunch.
cpwr stock -- down 84%
dell (24K shares) -- down ~50%
nvda -- doing well...been holding since ipo
uti -- doing well
intel -- dogging
amd -- a bit above cost basis
qcom -- doing pretty well
unfortunately, most of my holdings are in cpwr, dell, and intel.
i've averaged my cost basis down, tho, so hopefully its a matter of time.
the close presidential race prolly has a lot to do with it...that and the new energy crunch.
long term is the way to go. as a future financial consultant (hopefully) i think that if u want to gamble, go to vegas. haha. but oh well. im only 20 and i have almost 100k in mutual funds and i have a house on top of that. i figure a real good investment you can make today is in real estate. i bought this house last year for ~400k, and now the value is ~650k. gotta love silicon valley. and i have the IS which is a liquid asset. just because youre young doesnt mean you cant have the money like older people have. one thing i dont like is that people judge us by our age, when we are more than competent to make our own decisions. oh well, im lovin life. isnt it grand? now i just have to worry about 26 more units to take before i graduate.
mike
mike
Mrclam, definately wise to start investing early. I've been investing in stocks since I was 16 (more like 14 if I count the "pretend" portfolios that my parents made me do). Of course it helps if your dad is a financial consultant (in my case) so fortunately I haven't lost any significant amount of money. At 19, I can say that I have a better feel for finance then most kids my age and will help me with my studies in finance. Can't tell you how many times my dad emphasized how important investments are...it really annoyed me when I was younger but I sure appreciate it now
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well, honestly, i didnt earn all my money. my dad left me and my younger sister a little more than a quarter million when he passed away. but since then ive been spending wisely and investing safely. i was so tempted to buy ipo's (damn amazon, if only....) but i didnt want to risk my future security. (oh i should have bought some cisco... argh.. the agony i must live with) i want my sister to not have to worry about tuition and little things in life. ive more than doubled the original money left and doesnt that include paying my 4 years of tuition and rent. granted most of my money is in liquid assets, but those are easy to get rid of. i mean, how hard would it be to sell my IS? haha. how dare i say something like that. when i graduate and start making some money, its M5 all the way baby! next to the 360 and the lambo and the....
hey ISFAN, i dont need you to clean my sh!t. i eat well so i poop well too. haha
mike
hey ISFAN, i dont need you to clean my sh!t. i eat well so i poop well too. haha
mike
Originally posted by ISFAN:
what the hell do you do over there you. Your in school and have a 600k house and 100k in the bank. I want to send you my resume. I will clean your sh*t for ya![]()
My wife's company, Sanmina,actually went up today despite the market. It was over 100 two weeks ago and is now at 83 or so. It's long term prospects are so good I think people started buying at the low price. Not to worry. She has options at about $20 and stock purchase plan is at $55 for the next two years.
my dad actually hates the stock market...i kinda got interested in it from my comp sci teacher(taught me the nitty gritty details and everything i'd never known before) and rambus was a real gamble for me, and i lost, what else could i expect.
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i had my holdings in nvidia for a while but i ppulled out a little too early with 20% in my pocket =) i was pretty ahppy until i watched the price of nvidia soar and soar. hehe =) i'm just chiling right now, not woryring too much, but waiting and watching
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As usual I agree with Fan. I swear you must be my evil twin - just smarter to have settled in FL...
It's only a loss when you SELL. Otherwise, it is only a loss on paper. Optimistically thinking, it is also a chance to save some tax money by selling a stinker.
The rule to take away from this correction is only invest money that you don't need for 2-4 years or more. Keep six months of pay in a money market mutual fund which pays 5% compared to the $hit you get in a standard checking account. This money is too be used for emergencies, vacation, car buying, etc.
So, it is a buying opportunity...
It's only a loss when you SELL. Otherwise, it is only a loss on paper. Optimistically thinking, it is also a chance to save some tax money by selling a stinker.
The rule to take away from this correction is only invest money that you don't need for 2-4 years or more. Keep six months of pay in a money market mutual fund which pays 5% compared to the $hit you get in a standard checking account. This money is too be used for emergencies, vacation, car buying, etc.
So, it is a buying opportunity...
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