[ISFAN]

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!

 

[ISFAN]

Ah Clam, don't worry, you are young, no need to worry about disposable income yet. Have fun.

Us old farts though have to buy low for retierment.

All my investments are down this year, but hey, I don't need to sell, so I buy more and hold.

 

[ISFAN]

Originally posted by acuracing:
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

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

 

[ISFAN]

Originally posted by geoff:
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.

Excuse me but am I reading this wrong. Are you saying you have 24,000 shares of Dell. So what about half a mil and you are driving a cls?

 

[ISFAN]

Geoff and Acura,

I am sorry to hear that you received some of your wealth at the loss of a loved one. In all seriousness.

It is great that you both are wise with your fortune.

 

[ISFAN]

Originally posted by 94Lude00S2OOO:
Yep me too. I was going to get the IS300 but then decided on the S4. Now I'm getting neither (the IS300 a possibility). If the stock does well, I will go with the S4, if it does ok, the IS300. Basically I lost enough to purchase a fully loaded S4 during the last 3 weeks of this downturn. ;(

4th qtr has been historicaly hot. I think we will see a turnaround after the election.

Geoff on the margin, whoo that does suck. That is what starts this whole down swing. All the margin calls come in and boom ya have to sell to pay the piper.

Stock is a very risky game to some folks.