Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Just surrendered by closing my VanGuard fund.
Vanity | 10/8/08 | vanity

Posted on 10/09/2008 1:00:23 PM PDT by prolifefirst

Can't take it anymore.


TOPICS: Business/Economy
KEYWORDS: sanity; stock; wisemove
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100 ... 141-156 next last
To: Cementjungle
Buy high, sell low!

Measure once, cut twice...

Go back to Lowes.

61 posted on 10/09/2008 1:23:01 PM PDT by gov_bean_ counter ( Sarah Palin is America's Margaret Thatcher; Obama is America's George Galloway.)
[ Post Reply | Private Reply | To 14 | View Replies]

Comment #62 Removed by Moderator

To: Yo-Yo
Just remember where you got out so you can get back in on the way up. Selling low and buying high is no way to go through life, son.


63 posted on 10/09/2008 1:23:17 PM PDT by kesg
[ Post Reply | Private Reply | To 9 | View Replies]

To: CatOwner

I did same thing.. As soon as the Lehman Bros news hit and the Paulson bailout plan was announced I moved everything in my 401k out of stocks and into money market fund.


64 posted on 10/09/2008 1:23:39 PM PDT by Onerom99
[ Post Reply | Private Reply | To 8 | View Replies]

To: prolifefirst

Not going to be easy to do but now is the time to buy.


65 posted on 10/09/2008 1:24:13 PM PDT by TruthWillWin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Yo-Yo

If Obama is in the White House, there is absolutely no reason to enter back into this market until 2012.

Anyone would be foolish to do so IMO.


66 posted on 10/09/2008 1:24:55 PM PDT by Onerom99
[ Post Reply | Private Reply | To 9 | View Replies]

To: Rick.Donaldson
Too many large organizations are panicking and that’s what is causing the losses on the market even right now.

The mutual funds would ordinarily be snapping up values but they can't because people are withdrawing their money (per WSJ article from Wednesday)

67 posted on 10/09/2008 1:25:23 PM PDT by prolifefirst
[ Post Reply | Private Reply | To 47 | View Replies]

To: prolifefirst

When it gets to the bottom, sell.


68 posted on 10/09/2008 1:25:48 PM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
[ Post Reply | Private Reply | To 49 | View Replies]

To: prolifefirst

To soften the blow, for anyone who believes that this downturn will be protracted, the symbol SDS is an ultra-short S&P ETF. It goes up when the S&P 500 goes down. A good hedge while things are in turmoil.


69 posted on 10/09/2008 1:26:50 PM PDT by waverna
[ Post Reply | Private Reply | To 60 | View Replies]

To: LurkingSince'98
please consider buying precious metals with it.

I'm not emotionally ready to take any chances with what I have left.

70 posted on 10/09/2008 1:27:01 PM PDT by prolifefirst
[ Post Reply | Private Reply | To 48 | View Replies]

To: Rick.Donaldson

Good idea. Unless you are going to retire, or you need that money in the near future, you’re probably better off riding this thing out.

In all likelihood the smart time to sell has passed already and selling now that prices are this low, and buyers are looking for a bargain, isn’t sensible for the long term.


71 posted on 10/09/2008 1:28:54 PM PDT by frankiep (Every socialist is a disguised dictator - Ludwig von Mises)
[ Post Reply | Private Reply | To 47 | View Replies]

To: prolifefirst

Gods speed and good luck.

I can no longer bail.... already lost my rear, about 82K down so far. To that I say, DAMN THE TORPEDOS, FULL SPEED AHEAD.


72 posted on 10/09/2008 1:29:02 PM PDT by Gator113 ("Noli nothis permittere te terere.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: jpl

From way back in March, the shorts ib some of the boards I read have been saying the bottom is 8000. I think that’s the case.


73 posted on 10/09/2008 1:29:18 PM PDT by sonrise57 (Help us God for evil men have surrounded us.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: prolifefirst

Too late for me to get out now. I’m riding this bastard down like Slim Pickens did on that bomb in the movie “Dr. Strangelove”.


74 posted on 10/09/2008 1:30:38 PM PDT by Sig Sauer P220 (Its no coincidence that there have been so many in Congress named Dick)
[ Post Reply | Private Reply | To 1 | View Replies]

To: prolifefirst

sounds irrational at best...


75 posted on 10/09/2008 1:31:44 PM PDT by TaxRelief (Walmart: Keeping my family on-budget since 1993.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Coldwater Creek
Nope.

Too big a market even for Soros....

Now if it was just one sector...maybe.

76 posted on 10/09/2008 1:32:33 PM PDT by Osage Orange (" I did not have radical relations with that man, William Ayers. " -Barack Hussein Obama)
[ Post Reply | Private Reply | To 21 | View Replies]

To: austinaero

Hubby never had the stomach for the stock market so we decided to follow another route.

They only thing we are worried about and watching is his “Defined Contributions Fund”. So far we haven’t lost any of the principal.

As far has his pension goes, he has been talking to people in the know and it seems that we are ok there too.

My heart goes out to many regular folks who trusted these Wall St. bums.


77 posted on 10/09/2008 1:33:55 PM PDT by alice_in_bubbaland (C'mon John! Fight back!)
[ Post Reply | Private Reply | To 59 | View Replies]

To: prolifefirst

I chose to “retire” at 58 (now 59 1/2). 401K became an IRA — Vanguard.

Never much of a gambler, I had much of the money in their money market, and the rest in Wellington (mixed fund) and International Value. Finally, today, I moved the stock portions to money market in anticipation of more losses. I should have done this days ago; would’ve saved more but oh well. If things perk up I can go back into stock funds. If not, $$ should be safe though static.

I would not close out the account entirely and take the assets unless I really needed the money now. Taxes are a pain and I have many years in which to withdraw if I live that long.

I should’ve stayed the course but got sick of watching the drop each day. Now watch; Dow will rise Friday; then drop back again Monday. Whatever -— if market rebounds in time to go back into stocks I can do that but not cashing out totally means not paying those nasty taxes now.


78 posted on 10/09/2008 1:34:29 PM PDT by CaliforniaCon
[ Post Reply | Private Reply | To 1 | View Replies]

To: CatOwner

You did the right thing three weeks ago! Congratulations!


79 posted on 10/09/2008 1:35:33 PM PDT by CaliforniaCon
[ Post Reply | Private Reply | To 8 | View Replies]

To: Gator113

Good luck to you sir! Hang in there FRiend!


80 posted on 10/09/2008 1:35:42 PM PDT by alice_in_bubbaland (C'mon John! Fight back!)
[ Post Reply | Private Reply | To 72 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100 ... 141-156 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson