I’m leaving things as they are.
I’ve taken a hit like I didn’t expect.
But bailing out now? That’s not long term, and it’s not a good idea. As someone else said, “We all do it, it’s all over”.
A few people doing it, taking the hit now, and holding onto what they have left of their money is one thing and more power to them. Some people will need it in two years. I won’t need it for another 9 or so.
If it’s gone in 9... I guess I’m going to be pretty pissed then.
Right now, like many others, we ride the wave. We’re in the trough right now. Tomorrow, next year comes the crest.
We’ll see.
People need to not panic. Too many large organizations are panicking and that’s what is causing the losses on the market even right now.
The money's not in the Building in Loan, it's in Bill's house, and Mr. Gower's house.
I don't care, I just want to close my account.
Alright, alright, here's your money, but your account stays open.
The mutual funds would ordinarily be snapping up values but they can't because people are withdrawing their money (per WSJ article from Wednesday)
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.
“If it’s gone in 9... I guess I’m going to be pretty pissed then”
After 8 years of “Obamanation” - how much will be left, for anyone?
- John