General Discussion

Warpy

(114,585 posts)

87. Or maybe he was laughing at the reactionary, emotional investor

Sun Oct 6, 2013, 07:06 PM

Oct 2013

who hits the panic button as they drop and then is faced with the prospect of either staying out of the market or trying to repurchase what he can at the higher rate.

Panic is the worst reason to make any financial decision.

My own problem is where I'd put it if I exited the market. I think if Congress defaults, bonds and t-bills are going to crater. I'm not convinced of the stability of any bank or credit union. If I leave things where they are, my net worth will take a temporary beating, but the stocks will still generate income.

So my own strategy is going to be to look at how lousy the market is and download some escapist trash to read or watch and hope it gets better once this idiocy is over and, with luck, a few teabagger assholes and their string pullers are in prison.

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OK, who's selling all their stock? [View all] lonestarnot Oct 2013 OP

I'm thinking about it. barbiegeek Oct 2013 #1

I have to pee. n/t zappaman Oct 2013 #2

Don't forget the soap on those hands! lonestarnot Oct 2013 #4

Only stock I have is some chicken stock in the fridge. hobbit709 Oct 2013 #3

Mmmmmm. lonestarnot Oct 2013 #5

That'll complement my conservative sandwich-heavy portfolio NuclearDem Oct 2013 #6

I see what you did their zoidberg joeglow3 Oct 2013 #48

Good - one less person buying Swanson and putting more $$ in Tucker's pocket. blm Oct 2013 #35

i'm getting ready to go on a buying spree in 2 weeks 0rganism Oct 2013 #7

You and me both. RagAss Oct 2013 #8

I sold mine rather than donate to give Mr. President some leverage. lonestarnot Oct 2013 #11

What?....."give Mr President some leverage" ?? Laura PourMeADrink Oct 2013 #19

LOL Yeah. Like my little dab would give anybody anything. But I did so because if enough people lonestarnot Oct 2013 #20

I agree, if there is panic selling, I am jumping in also. I will not be part of the panic lostincalifornia Oct 2013 #40

must be nice for those who can afford to do it. The majority can't. liberal_at_heart Oct 2013 #62

yeah, much better to profit off the coup attempt. uncle ray Oct 2013 #95

Yup. Raised cash earlier thinking there would be volatility right about now. dkf Oct 2013 #61

I am holding on - although I expect a bad couple of weeks el_bryanto Oct 2013 #9

we are - just had the discussion last night and it will be done this week. piratefish08 Oct 2013 #10

If stocks dropped dramtically Boner would come around I bet .... Iwasthere Oct 2013 #12

I bet he would start kissing some boots don't you? lonestarnot Oct 2013 #13

Please explain how selling at the bottom.... A HERETIC I AM Oct 2013 #23

Isn't that why sell before the slide? lonestarnot Oct 2013 #24

The poster I responded to said... A HERETIC I AM Oct 2013 #30

Or maybe he was laughing at the reactionary, emotional investor Warpy Oct 2013 #87

and what if there isn't that slide? lostincalifornia Oct 2013 #43

Depends. Want to take that gamble? lonestarnot Oct 2013 #44

Only if I can hedge . orpupilofnature57 Oct 2013 #59

Sold most everything early summer. Did buy euros yesterday, though mnhtnbb Oct 2013 #14

Have the time of your life mnhtnbb. lonestarnot Oct 2013 #15

We intend to! Our youngest son is in Berlin mnhtnbb Oct 2013 #17

Best place in the world for beer, if you like beer. Me not so much. lonestarnot Oct 2013 #18

I have some beef stock in the fridge. HappyMe Oct 2013 #16

the economy IS recovering, but these teafuckers... spanone Oct 2013 #21

Yes, the teahadists object. They prefer anarchy. lonestarnot Oct 2013 #22

30 days and I'm buying a shitload. JaneyVee Oct 2013 #25

Same here! Xyzse Oct 2013 #92

I did that.... sendero Oct 2013 #26

I pee frequently. Benton D Struckcheon Oct 2013 #27

Not me. SheilaT Oct 2013 #28

Simple calculus: will the Republicans be patriots geek tragedy Oct 2013 #33

Those are my only choices? SheilaT Oct 2013 #38

We're talking 20 years of depression/recession. geek tragedy Oct 2013 #50

I'm not talking 20 years of depression/recession. SheilaT Oct 2013 #51

Either there will be a default, or there won't. geek tragedy Oct 2013 #55

The only thing going for me is a free & clear house in a high $ area of Austin, Tx. Eleanors38 Oct 2013 #93

We are looking into adjusting some things in our retirement account. redstatebluegirl Oct 2013 #29

Will try to liquidate my wife's retirement acct this week. nt geek tragedy Oct 2013 #31

Stock? Demo_Chris Oct 2013 #32

I am not. The only reason one should sell is if they need the liquidity, then they should not have lostincalifornia Oct 2013 #34

Won't I be OK if I transferred mine to a Frustratedlady Oct 2013 #65

Sure lostincalifornia Oct 2013 #66

Converted all of ours back in 2008. Blue_In_AK Oct 2013 #36

15,000 was pretty much where it was when the Hindenburg blew out 6 yrs ago... Eleanors38 Oct 2013 #94

Yeah, we weren't young in 2008 Blue_In_AK Oct 2013 #98

I sold all mine in March of 2009, when the DJIA was around 6,000 Warren DeMontague Oct 2013 #37

We have financial experts? Whoa. lonestarnot Oct 2013 #39

Some people pay good cash money for that sort of advice, but you can get it here for FREE! Warren DeMontague Oct 2013 #45

I'm sorry. lonestarnot Oct 2013 #53

I'm sorry I didn't have a fat chunk of cash to invest, back then, for sure! Warren DeMontague Oct 2013 #56

I'm sorry they stole all the cash. lonestarnot Oct 2013 #58

My youngest brother hit one into the stands by buying Ford Eleanors38 Oct 2013 #96

I'm using mine to make chicken soup Marrah_G Oct 2013 #41

I'm not selling my stock in peas - I'm hoping they split lame54 Oct 2013 #42

Snort! LMAO! lonestarnot Oct 2013 #49

I have a little money in two funds...but no, not selling bhikkhu Oct 2013 #46

I may still have some naughty pilgrims I need to punish. Warren DeMontague Oct 2013 #47

We're getting ready to cash in our 401(k) to try and start a business. liberal_at_heart Oct 2013 #52

Here's to hoping. lonestarnot Oct 2013 #54

Each of my kids has $10,000 in a college fund. Woopie. That won't even pay for one year. liberal_at_heart Oct 2013 #60

Starting out a community college is what most SheilaT Oct 2013 #73

I and my 3 brothers went to comco before getting uni. Degrees. Eleanors38 Oct 2013 #97

If that's your attitude, don't invest in the first place brooklynite Oct 2013 #57

Whether the losses are from abrupt rise in interest rates or a market crash, remember that it lonestarnot Oct 2013 #63

I'm 53 and I always have to pee mockmonkey Oct 2013 #64

You better have your water works check out. lonestarnot Oct 2013 #67

I've been to the doctors mockmonkey Oct 2013 #69

Drip....drip....drip.... TeeYiYi Oct 2013 #68

Damn You! mockmonkey Oct 2013 #70

Good gawd. Ham forever ruined. lonestarnot Oct 2013 #71

I'm old and have had babies. I know what constant is. And my bladder's the size of a pea. Shrike47 Oct 2013 #83

LOL n/t lordsummerisle Oct 2013 #88

I'm already out... Walk away Oct 2013 #72

Same here, I cashed before the Crash Link Speed Oct 2013 #74

And buy... what? lumberjack_jeff Oct 2013 #75

May I suggest beans and rice. lonestarnot Oct 2013 #77

We just harvested our potatoes and canned a bunch of green beans. Close enough? n/t lumberjack_jeff Oct 2013 #80

Sufficient quantities? lonestarnot Oct 2013 #82

Not enough to last until the 2014 election. lumberjack_jeff Oct 2013 #85

Well crap. Back to rice and beans. And tortillas. lonestarnot Oct 2013 #86

I have to pee! DJ13 Oct 2013 #76

Yep another waterworks issue. lonestarnot Oct 2013 #78

LOL DJ13 Oct 2013 #79

Sold half and took profits... truebrit71 Oct 2013 #81

I wouldn't give them half of mine. lonestarnot Oct 2013 #84

We (son and I) sold out over the summer and are just waiting to buy it all back. 1-Old-Man Oct 2013 #89

I have questions but probably too personal to ask here, so I won't ask. Good luck man. lonestarnot Oct 2013 #90

Anyon who doesn't want funding ALEC, climate denial and the TPP as a legacy. nt raouldukelives Oct 2013 #91