What’s Everyone Doing with Stock Portfolios?

[GetX'd]

Personal finance rule number 1. Don't mess around with buying individual stocks. Unless you work as a mutual fund manager or work on Wall Street, you really have no clue what is going on and by the time you get the news on a company the professionals have already traded on it. Stick to no-load mutual funds and even better yet, buy the broader market with an index fund such as the S&P 500 index or total stock market index. DON'T waste your time and money on individual stocks, unless you just want to do some gambling.

After we had some recovery from the 2008 mess I sold all my stocks and bought into mutual funds exclusively. They’re not as sexy but a hell,of a lot more stable. No quarterly earnings reports to worry about and they tend to go as their sectors go or indexes. I don’t worry about bankruptcy during unsettling times like now. I’m down around 20-25% like the market but hey who’s counting.......

 

[CoronetDarter]

I hope you realize very soon that the response to this is not a knee-jerk reaction. This will decimate the economy and many people will die. Right now is still the beginning.
Good luck with the antibodies. People can and will catch this more than once.

20,000 Americans die every year from the influenza virus and the stock market doesn't blink. This too shall pass.

 

[GetX'd]

I sure hope it does but even with the fed cutting rates to near zero today the futures market is plunging for Monday. Hold on to your short hairs tomorrow is going to be another wild ride.

 

[Chargerjase]

Just purchased some more stocks this morning. Its gonna go up at some stage.

 

[GetX'd]

Just purchased some more stocks this morning. Its gonna go up at some stage.

How do you buy on Sunday morning? Never heard of that....

 

[GetX'd]

Just purchased some more stocks this morning. Its gonna go up at some stage.

Oh - I see you’re in NZ. Now it makes sense. Is your market dropping?

 

[BBishere2]

I invested what available cash I had on hand the other day, adding to the mutual funds I’m invested in. Now we’ll hold on and ride it out.

 

[Chargerjase]

Oh - I see you’re in NZ. Now it makes sense. Is your market dropping?

Like a stone. I actually buy my stocks on the ASX (Australian Stock Exchange) as that's where I work. My biggest worry right now is being able to return home. Friday I am out.

 

[GetX'd]

Like a stone. I actually buy my stocks on the ASX (Australian Stock Exchange) as that's where I work. My biggest worry right now is being able to return home. Friday I am out.

I hope you get home this weekend. Stay safe amigo!

 

[Chargerjase]

I hope you get home this weekend. Stay safe amigo!

Thank you my friend.

 

[GetX'd]

I finally called a financial guy today with RBC Wealth Mgmt. I’ve done business with him on an irregular basis. He’s a very smart guy. Says no one is calling him to sell more people are calling asking should they buy certain things - he gave me a list. He also said they’ve never seen or heard of this kind to thing in all of his time - 30 years. He said to hold my nose and ride it out they expect by the end of the year things may start coming back. Goldman Sachs also said
similar things about a ye bounce back. This is hell watching all you worked for the last 40 years melt away. It really tests your faith in the financial markets...... But not my faith in God

 

[70chall440]

Well I dumped 3/4 of my 401K and will put the money into something else. I have no patience or stomach for the "market" and seeing that this money is money I will never get to play with, rather it is money for a "rainy day" type deal I really don't give a crap. My wife on the other hand is a hot mess over all the stock market ****, so for that reason, money out! Personally, I can't stand brokers or others who want to get paid to play with everyone else's money, just want American Greed and every other segment is about some stock broker or other money dude. Yeah I know you can make money, but to be honest I am good for now, money has never been something I was overly excited about, I made it, I spent and repeat.

Good luck to all of you, hope the market does turn around soon.

 

[Dennis H]

Now the loss is REAL. Before the sell off, it was only on paper. My condolences.

 

[70chall440]

All good for me. I understand that once I removed it I lost but again, don't care. My wife is happy so I am happy..

 

[Dennis H]

I’m confused.

 

[70chall440]

I thought you were saying that as soon as I pulled the money I actually lost and I was saying that while I understand that I don't have an issue with it. Were you saying something different?

 

[Dennis H]

Decisions on long term investments of any kind based on fear scare me. All the Best. You sell, I’ll buy.

 

[GetX'd]

I thought you were saying that as soon as I pulled the money I actually lost and I was saying that while I understand that I don't have an issue with it. Were you saying something different?

You need to do what’s best for you and your family. Whatever allows you to sleep at night. No need to fret your decision.

 

[YY1]

This is the first time I've ever heard through media what appears to be at least some type of "buy" mentality during a major downturn.

I find that interesting.

 

[Hey-O]

Watching stocks to see what best fits my next move. Have freed up money for four big buys. I'm sure some will be on the way down still, but, I would rather buy going down to the bottom and hopefully on the way back up a little. The way it takes big bounces, I don't want to miss to many up ticks. I have no idea when this will happen, the big boys don't notify me when they plan on spiking the market with their next big profit move. Watch and guess, what's the worst that can happen, if I buy now, I'll make money, wait a few weeks, make more money if it keeps dropping or starts to come back and life goes back to normal. I don't care about making more money, but if they offer it to me on a down market, I have no choice but to try and take it, because I don't see an opportunity like this again in my life time. Really, I'd be happy if they had just left me alone. I have no idea, how many times have I said that, when this will end, but, whether you believe this virus is for real or not, the affects on our lives right now are real, whether it's on our money or on our lives in general. So, those of you that scream calm down, man up, I'll sick of this not real ****, save it for someone that blinks, I don't blink, but, hold on buttercups, I believe the population in general and that's all that really matters, not what you think, believe the worst is yet to come, so hold and watch........