I'm down about 9% in my portfolio since summer 2007. Cause for concern?
Answers: Hopefully you won't need your money out any time in the near future (stocks are not the place for funds you need). IF you made good choices in the stocks you bought, they should make a comeback. That drop isn't that awful per se, so if you think the company is quality, the other things happening are probably responsible for the downturn.
I've just been using this time to buy quality stocks. Of course, I buy dividend payers, so I'm not really out anything (nor is anyone until you sell). I know my companies are solid so though I've had a slight dip at times, I just buy more.
If you think you bought not-so-good companies, don't be afraid to cut your losses and look for better investments.
9% is actually not so bad
You don't want to know my number
but if you don't need the money for now you haven't really lost anything until you sell.
Big drop in Jan means bounces are due, if you have to cut down loss i'd wait.
I would have been in cash at 8%. I live to trade another day. My portfolio is important to me, and I actively manage it. and I always cut my losses at 7 to 8%. If you are the type of person who believes in buying on the way down, then 9% should mean nothing to you, but I don't think you are. I think you are very concerned about the portfolio, and its value in specific. Think about moving into cash to weather out the market correction. we are not even 40% done yet.
Hold onto your hat, otherwise, and be prepared to think about having to double your gains capacity just to break even.
If you lose 9% you only have to make up 9.1%
if you lose 10% now you have to make up 11%;
if you lose 15% now you have to make up 17.6%;
if you lose 25% you have to make up 33%
You see what I mean.
Hi Dan,
You have lots of company. But, in order to answer your question correctly you need to be more specific. What have you invested in? My advice is to check out investment sites and ask your question. Moneyrec.com is designed for questions like yours and you can post your portfolio and get advice. It is free to users and spam free. Also, morningstar has a board to users-- if you want more info, though, it is a pay site.
Best of luck to you and be careful about making any hasty decisions.
Regards,
Bunny
What investment might be best with $2,000? Can be long or short term.?
Answers: Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.
Go to : low-cost-stock-recommendations
.com
Click on the "DRIP's" Button on the Navigation Bar
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
If you decide you are interested in DRIP Plans, click on the advertisement on the same page "$4 to purchase stocks". This will answer your next question, which is, How do I get started? and what is the least expensive way to get started?
I strongly recommend looking into it. They are great plans.
Good Luck
Don't listen to Dr. Ima
you are too late, even if you get in now, your risk is much higher than your gain.
if merger gets through you are looking at a 10-15% gain top
if merger fails you will lose 45-50% in a heartbeat.
it's not worth it. just admit you missed the party. wait till the deal goes through then you can invest for a long run
I quite agree with apple. Stay with financial or defensive stocks you will be fine. Try buying in financial stocks. Some of them are around 40 to 50% down. You can buy them and hold for the long term. You will earn eventually. If you are looking for some examples, maybe try citigroup or Bank of America. For disclaimer sake, i do have some shares on citigroup. But Warren Buffet bought some Bank of America shares, so if you need security, maybe follow him ;)
All the best!
AMZN or GOOG which is a better long residence investment and why?
by long term I'm chitchat 15-20 years.Thank you very much
P.S. I asked this cross-examine earlier, asking again to make a new audience.
Answers: Wow, 15-20 years is a long time. What will verbs to drive these two stocks is research and development of current ideas for that time horizon, within which case G00GLE unequivocally has the upper foot. It is constantly trying to come out with latest products and ideas (G00GLE Earth), and acquire companies with new opportunities (YouTube).
G00GLE
AMZN is profusely weaker compare to GOOG in a long run