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Dow on 3/9: 6547 | Dow on 3/17: 7395

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  • Dow on 3/9: 6547 | Dow on 3/17: 7395

    So, fess up, who sold out at the bottom.

  • #2
    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.

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    • #3
      I think the success will be short lived... call it a suckers rally. Just a hunch.

      We stopped IRA contributions for other reasons in Feb-Mar, so we didn't buy as normal except in 401ks

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      • #4
        No selling here...just investing!
        My other blog is Your Organized Friend.

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        • #5
          Originally posted by jIM_Ohio View Post
          I think the success will be short lived... call it a suckers rally. Just a hunch.
          Yep. The housing start numbers today have been the only real "good news" since this rally began. The Citi release that kicked it off was, and still is, total rubbish.

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          • #6
            Originally posted by jIM_Ohio View Post
            I think the success will be short lived... call it a suckers rally.
            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.

            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


            • #7
              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?

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              • #8
                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.

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                • #9
                  I admit I was tempted to sell at the bottom, and upset.

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                  • #10
                    ...Dow on 3/26: 7925

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                    • #11
                      We actually increased our contributions in late January. Stocks are on sale, the companys matching and we get a tax break. Whats not to like?

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                      • #12
                        I'm still putting in my 4% for work (plus 4% match) and $50 twice a month. If I do stop contributing, it won't be because of the market, but because of the job situation.

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                        • #13
                          I'm still holding and will keep buying on "BIG" dips. Can't really do trading like I used to anymore. Way too risky and stressful.

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