renton
Come On You Spurs
Premium
join:2002-01-05
North York, ON
 ·TekSavvy Solutions..
| reply to vue666
Re: [Serious] Breaking news - TSE down 1000 points
said by vue666  :My point was if Harper an economist could not get a grasp then what chances would Layton, May or Dion have? Maybe he is a bad economist? |
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MacGyver
Bell Sucks
Premium,ExMod 2003-05
join:2001-10-14
Orleans, ON | reply to vue666
Everyone is selling stocks to raise some cash and pay their loans, since borrowing money isn't as easy as it once was. |
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LaZ3R
Premium
join:2003-01-17 | reply to vue666
Oh god... October 29th is coming up... AHHHHHHHHHHHHHHH  |
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Devanchya
Smile
Premium
join:2003-12-09
Ajax, ON
·Bell Sympatico
| reply to vue666
The truth is, Oct has been very bad for trading MOST years.
This why:
- People taking money out to pay for school
- Companies selling items for year end cash
- People selling so they don't have to worry during the holidays.
That 3rd one is a HUGE factor this year.
That, and PANIC!
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»www.codecipher.com - Marking the way to tomorrow's solutions |
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Stewy
Premium
join:2007-12-12
Kitchener, ON
| reply to DKS
said by DKS :said by dirtyjeffer :yea, my advisor said the best thing to do is hold it and let it ride its course...he also said, when things are down like this, it can be a very good time to put extra money in. Which I did... the problem with that is that I can put $20K in today but it may be gone tomorrow. I'm holding off, if I ever recover the 25% I lost so far I'm taking everything out and putting it in securities.
I'll never trust the market again.
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It's all... part of the plan. |
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FaxCap
join:2002-05-25
Vancouver, BC
 ·dccnet
| reply to vue666
Stewy....I'll bet it's going to take 2 to 4 years before we see the TSX at 11,500 again.
There are some great buys out there. Potash Corp of Sask POT-T
at $95....recession or not people around the world need food
and the farmers will need Potash Corp's products.
Some of our bank stocks are great buys. BNS and TD I like.
Imperial oil at $37....it could be $50 in 18 months.
FaxCap |
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harwoodr
Pornographic Memory
Premium
join:2002-09-05
Hamilton, ON
·Mountain Cable
| reply to vue666
I heard on the radio recently that you have a better chance of a lottery win than predicting the ups and downs of the market - they put it more eloquently and backed it up with 1 in X chances and what they based it on... but I'm not them. 
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P.S. Did you ever notice that Peter O'Toole has a double-phallic name? |
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Its a Secret
Whatever
Premium
join:2008-02-23
U B Funny | reply to vue666
Don't worry, it's just the rape of the financial markets by the ultra rich. It'll be okay in 2-3 years again. Maybe.
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"In the future, that which is not mandatory will be illegal" |
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vue666
join:2007-12-07 | I just checked my mutual funds on line and today I lost quite a bit of money...  |
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Devanchya
Smile
Premium
join:2003-12-09
Ajax, ON
·Bell Sympatico
| That is the stupidest thing you can do, actually look at how much you lost 'so far'.
Unless you need the money immediately, don't look.
There's an old saying: You didn't lose money until you sold, or they went bankrupt.
Hopefully you haven't invested to much in bankrupt companies. |
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vue666
join:2007-12-07 | Why is it stupid? After all it's my money... I was hoping on retiring in 5 years time. I'll be 60 then....so I'm concerned... BUT NO I'll not be making any rash decisions.... |
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digitalfutur
Sees More Than Shown
Premium
join:2000-07-15
BurlingtonON
·Cogeco Cable
| reply to Devanchya
True enough.
But also confirm that your risk profile is still the same as it was last year or earlier. Our retirement mutual fund used to have a 60/40 split between GIC/Govt Bonds and stocks. Now it's 95% GIC/Govt Bonds. Those safe investments are the only reason that we're breaking even so far this year on rate of return. I expect the RoR to be around 2% by the end of the year.
Stocks will not return to their former levels for 2 years or more. In the meantime, I'll stick with the 3-4% guaranteed return on our current investments.
Everyone's risk profile is different.
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All that is necessary for the triumph of evil is that good men do nothing - Edmund Burke. "Walk the Talk". |
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Devanchya
Smile
Premium
join:2003-12-09
Ajax, ON
·Bell Sympatico
1 edit | reply to vue666
Vue, you are one of those who should be considering the near future, so you should be watching, but you can't worry to much.
Hopefully it will rebound enough to help cover some of the losses. The News keeps saying the world has ended, and everyone will be poor forever. This isn't true. The market will recover. It may take 5 years to get back, but it will recover.
Hopefully that is enough. |
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dirtyjeffer
Oh Yeah
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed
| reply to vue666
if you are planning on retiring in 5 years, you should have your money in low risk investments to begin with...my money will sit there for 25 years or so, so i can manage ups and downs just fine.
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Best Marketplace Ever: »www.cbc.ca/marketplace/speed_bumps/
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coxta
Ultramundane
Premium
join:2000-07-15
LALALALALALA
·Pacific Bell - SBC
| reply to vue666
October is a bad stock month historically - every year. I've always pulled my money out of stocks and put it into bonds before October hits. Everyone gets squirrelly this month.
--
Lew Harper: You spotted my car? I hope it comes off, it's a rental! Paul Newman RIP |
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LaZ3R
Premium
join:2003-01-17 | Lmao, Why waste time with stocks.. you wanna gamble, go to Vegas.  |
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Clipper
join:2002-05-23
Stoney Creek, ON
| said by LaZ3R :Lmao, Why waste time with stocks.. you wanna gamble, go to Vegas. Because Vegas is purely odds. Stock markets can be played smartly and you can decrease the 'house' odds significantly. |
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coxta
Ultramundane
Premium
join:2000-07-15
LALALALALALA
·Pacific Bell - SBC
| reply to vue666
The stock market has always kept ahead of inflation. That's the main reason it's necessary to invest in it, but you do have to be careful and smart about it. Don't get greedy.
--
Lew Harper: You spotted my car? I hope it comes off, it's a rental! Paul Newman RIP |
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vue666
join:2007-12-07 | Just heard on Talk Radio the TSX is down 600 points today!!!! |
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FaxCap
join:2002-05-25
Vancouver, BC | reply to vue666
As I said....when Scotiabank broke $40 I bought.
Remember one thing people....when people dump their stocks
SOMEBODY is buying them! What I'm seeing here is a
redistribution of wealth!!!
FaxCap |
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