Comments on: Four Reasons Not to Overreact in the Current Market http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 22:51:28 -0500 http://wordpress.org/?v=abc hourly 1 By: Nick http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/comment-page-1/#comment-126067 Nick Fri, 17 Oct 2008 00:07:19 +0000 http://www.fivecentnickel.com/?p=1800#comment-126067 It's definitely a trying time in the financial world. My parents came seeking advice regarding their retirement funds, as a few of their friends had pulled money out and put it in savings accounts and are keeping it there until the markets rebound. The problem with that (beside the obvious penalties), is that the market is just so difficult to time. I know losing 20% in a week is awful, but if you pull out, the market might bounce back 30% and you're in a worse position than you started. It’s definitely a trying time in the financial world. My parents came seeking advice regarding their retirement funds, as a few of their friends had pulled money out and put it in savings accounts and are keeping it there until the markets rebound. The problem with that (beside the obvious penalties), is that the market is just so difficult to time. I know losing 20% in a week is awful, but if you pull out, the market might bounce back 30% and you’re in a worse position than you started.

]]> By: Cheaplee http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/comment-page-1/#comment-126034 Cheaplee Tue, 14 Oct 2008 23:28:24 +0000 http://www.fivecentnickel.com/?p=1800#comment-126034 Myth #1: You don't have to being invested in the market 100% of the time to be in it for the long term. Market volatility as measured through the VIX is a great indicator to let you know when to get in and when to get out of the market. Myth #1: You don’t have to being invested in the market 100% of the time to be in it for the long term. Market volatility as measured through the VIX is a great indicator to let you know when to get in and when to get out of the market.

]]> By: Tim http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/comment-page-1/#comment-126032 Tim Tue, 14 Oct 2008 22:56:17 +0000 http://www.fivecentnickel.com/?p=1800#comment-126032 Bah, humbug!!! I can time the market, every day from 9:30am-4pm. lol Bah, humbug!!! I can time the market, every day from 9:30am-4pm. lol

]]> By: Caleb Nelson http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/comment-page-1/#comment-126031 Caleb Nelson Tue, 14 Oct 2008 19:14:01 +0000 http://www.fivecentnickel.com/?p=1800#comment-126031 Agreed with Dividendmoney. I'm a new investor, and I think now is the time to get in if you haven't before. One thing for sure is our economy will rebound to a better position than where it is at right now. Isn't that the idea anyway, get in for the long haul, buy low and sale high. Caleb Agreed with Dividendmoney. I’m a new investor, and I think now is the time to get in if you haven’t before. One thing for sure is our economy will rebound to a better position than where it is at right now.
Isn’t that the idea anyway, get in for the long haul, buy low and sale high.

Caleb

]]> By: Tyler @ Dividendmoney http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/comment-page-1/#comment-126023 Tyler @ Dividendmoney Tue, 14 Oct 2008 14:22:23 +0000 http://www.fivecentnickel.com/?p=1800#comment-126023 In my opinion, this market is a once in a lifetime buying opportunity for great financial stocks. You don't have to take my word for it, but I'm putting my money where my mouth is. I'm currently accessing my capital and will be starting positions in Canadian bank stocks (RY, BNS, and TD) in November and December of this year. In my opinion, this market is a once in a lifetime buying opportunity for great financial stocks.
You don’t have to take my word for it, but I’m putting my money where my mouth is.
I’m currently accessing my capital and will be starting positions in Canadian bank stocks (RY, BNS, and TD) in November and December of this year.

]]> By: Benjamin http://www.fivecentnickel.com/2008/10/14/four-reasons-not-to-overreact-in-the-current-market/comment-page-1/#comment-126022 Benjamin Tue, 14 Oct 2008 11:43:37 +0000 http://www.fivecentnickel.com/?p=1800#comment-126022 Definately do not do anything drastic! Selling now is probably the worst thing that you can do. I'm no economist, but i do believe the Dow will be back around its all time high within the next 2 years. Definately do not do anything drastic! Selling now is probably the worst thing that you can do. I’m no economist, but i do believe the Dow will be back around its all time high within the next 2 years.

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