Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Search Today's Posts Mark Forums Read Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » The Scuppers

The Scuppers This is a new forum for the not necessarily fishing related topics...

 
 
Thread Tools Rate Thread Display Modes
Prev Previous Post   Next Post Next
Old 04-01-2010, 12:39 PM   #6
FishermanTim
Registered User
iTrader: (0)
 
FishermanTim's Avatar
 
Join Date: Feb 2003
Location: Hyde Park, MA
Posts: 4,152
BUY, BUY, BUY!!!!
I even increased my 401k contributions and left them grow.

The ONLY advice I can give is this: Unless you HAVE to take it out, don't.... just leave it alone.

That doesn't mean you should completely ignore your investments, but don't become obsessed about every little "market correction" that comes along.

Here's a little story:

I had a co-worker that would check her investments constantly, and would freak out if the price of any stock dropped.
One time back in the late 90's I happened to be there when our company posted the annual gains for the funds.
Well, almost all the mutual funds dropped by as much as $1.00 per share, and she was pratically freaking out crying how she just lost thousands of dollars.
I then asked her one question: "Are you retiring right now?"
Of course she said "No!"
My reply was simple: "Then relax and forget about it. Any drop in price will be regained after the end of the year."

Within a week the prices were back to where they were before, and she never broke down like that again.

Anyone that didn't have to sell their investments will probably kicking themselve in the a$$ because they may have lost tens of thousands of dollars bt keeping their funds out of the market.
FishermanTim is offline   Reply With Quote
 

Bookmarks

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 03:24 AM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com