So, fess up, who sold out at the bottom.
Logging in...
Dow on 3/9: 6547 | Dow on 3/17: 7395
Collapse
X
-
Not me. The only stock I sold this month was some shares of Bank of America and I made a profit on those. And I've bought more than I sold through our retirement accounts and 529 plan.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
-
-
-
I bet a lot of people made a boatload of money as a result of the rally, though. I know of at least a few stocks that have doubled in price over the last few weeks. I'm sure somebody caught that just right.Originally posted by jIM_Ohio View PostI think the success will be short lived... call it a suckers rally.
It wasn't me, unfortunately. I bought in a bit too soon. I bought BAC at $5 but it dropped to nearly $2.50 after that. It closed today at $6.27. Anyone who got in near the bottom and held on did really well.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Comment
-
-
I bought in and made a profit from this dip, albeit not a big one.
I think there was a lot of risk on this one. But as we have also seen, there was a lot of gain as well. More or less, financials lead the way in, and lead the way out.
Timing the market has proven yet again to be a highly unreliable trading strategy. Only in retrospect can we see the extent of this dip, and who knows what will happen next with this market?
Comment
-
-
No, I have not sold anything since December, and since it got worse since then I have held on (I only have mutual funds but in Dec I went from an aggressive to a moderate one in a couple accounts)
My strategy now is just hold. I don't feel confident in the short term, but hopefully after 10 years or 20 I will be well in the plus and can get out before this stuff happens again. (actually with my target funds I should gradually be getting out of stocks)
I found it daunting that income funds have lost money in 08 tho.
Comment
-

Comment