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belcffub

(595 posts)
9. um yeah... 800 billion is gone
Fri Jun 24, 2016, 10:14 PM
Jun 2016

on paper... no one who didn't panic sell lost anything... you only gain or lose when you lock in on a sale...

like back in 08... that was a great time to be investing... I put 20% in the market each paycheck... prior to the crash I could buy say 100 shares... then the crash comes and everything gets cut in half... now I'm buying 200 shares... now like a smart investor that money is for the long term... I don't need it for 20 years (and when I do I sure as hell will move the portion I need into safer insured investments)... now that the market has fully recovered and then some I have more shares that are worth more money then if the crash had never happened...

only a fool sells on the crash... I double down... take some cash I had and bought blue chip dividend stocks... that $5k is now $20k...

one of two things will happen in a crash/adjustment... things will recover or death spiral to mad max...

But people that held dollars that need to convert them to Pounds... scscholar Jun 2016 #1
I wonder how many retirements went up in smoke, and how many 401 plans took onecaliberal Jun 2016 #2
It's only gone on paper. With the drop in value Press Virginia Jun 2016 #3
This message was self-deleted by its author onecaliberal Jun 2016 #4
You have to re-balance your portfolio as you near reitrement Yavin4 Jun 2016 #16
Smart people do that. Press Virginia Jun 2016 #18
There's also a $600 billion made on the other side scscholar Jun 2016 #7
um yeah... 800 billion is gone belcffub Jun 2016 #9
"If you liked that stock at $20.... A HERETIC I AM Jun 2016 #11
exactly... belcffub Jun 2016 #13
you shouldnt gamble on markets. I have no sympathy and expect it will come back swiftly swhisper1 Jun 2016 #5
No one is gambling, peoples fucking retirement funds are invested through employers onecaliberal Jun 2016 #17
they just have to wait for it to return. I cashed mine in last week seeing this storm coming swhisper1 Jun 2016 #20
Not only tRump. Quite a few on this board go "meh", based on the tone of their posts. BlueCaliDem Jun 2016 #6
IF 800,000,000,000 "evaporated", it NEVER EXISTED. cherokeeprogressive Jun 2016 #8
Thanks, I was trying to think of how to say that, but you said it. (nt) enough Jun 2016 #10
Ya, seconded Hydra Jun 2016 #12
Trump was busy fighting over who invented golf, he got his ass kicked. Rex Jun 2016 #14
Some are so confused over investing yeoman6987 Jun 2016 #15
As the Dow drops to where it was edhopper Jun 2016 #19
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