Financial Guide to Designers
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- joyride0
Take yer profits people!
The correction has begun
- tkmeister0
not so fast. just got to follow more closely. there's no need to panic.
- joyride0
*looks around
ps - NE
- joyride0
no, don't panic, just look at what you got, if you've made a lot, maybe get out and into something else. This should be a good buying opp for most. Just gotta guess the bottom.
- tkmeister0
all of mine stocks are holding pretty well with one exception. and i am watching that one exception drop and drop. but i think its fundamental is ok. i just need to figure out when to cut my loss and let it go.
panic never made anybody a dime. so let's be calm. i am gonna have to start setting triggers on all.
- canuck0
bump for '09.
- Amicus0
I think we need some new advice here.... what with the stock market having tanked and the widely varying opinions on when it will recover.
- monNom0
new advice: bank accounts
- canuck0
tkmeister still around these parts?
- bulletfactory0
Tanked stock markets are a great buying opportunity. you can essentially buy fantastic companies at discount rates. Most of my portfolio had significantly dropped (except for a few - and i don't even want to get into my 403b portfoio - ugh). I was kinda pissed about it, but never sold (the only time you really lose money in the stock market is if you sell lower than you bought. Hold onto it, it will likely recover - I bought some stock the other day, and it's already compensated for my previous declines (i'm in the black now). Now the other companies are rising slowly, but rising nonetheless.
Warren Buffet said, "Be fearful when others are greedy, and be greedy when others are fearful".
- canuck0
I am looking into getting into stocks this year, up until now I've just been putting into my rrsp and tax free savings account.
Any good sites for starting off and learning the basics for trading stock? There seems to be a load of Acronyms and lingo
that makes it all seem confusing.
- bulletfactory0
Motley Fool http://www.fool.com/ does a good job at explaining saving and investment strategies - I also use wikipedia if I have questions about specific terms, as it gives nice examples often mathematical equations to help.
I use a high-yield savings account (ING Direct) to store extra money as I research companies to invest in. When I started, ING's annual percentage rate was around 4%+ (which is a shitload better than the .5% my credit union offers) - so while not being as good as a CD or index fund etc; at least my money was still 'working' while it was sitting w/ zero risk. The percentage rate has declined quite a bit over the past two years, but still higher than any other (unless you get a CD or something) - the money in there is still pretty liquid - I can get to it in 2 business days. I hope their % rates start to increase again soon.- I have ING account also, in canada it runs at about 1.5% these days down from 3% year or so ago.canuck
- yup - i love my ING account - it's out of reach enough to not really spend it, but could get to it in a pinch - and nice interest.bulletfactory