Zoomie1980
Senior Member
- Jan 16, 2008
- 1,658
- 128
- 48
I admire the grit of you people playing the market, right now, I really do.
My hope for those of you who are buying now, and planning on holding those stocks for the long haul, is that you all make your fortunes.
On a bright note, and with the hopes of giving you some courage, a whole lot of the sellers now, are, I am informed, are people selling stocks who don't really want to, but who must just to cover margin calls.
Between those sellers, and the people selling because they just cannot stand any more bad news, I expect that there are some real bargains out there for the buy 'em and hold 'em crowd.
Good luck.
Lots of day traders on here. I don't think I've owned a stock or mutual fund LESS than two years....except one penny stock 15 years ago....it went from pennies to nothing, just disappeared in three months....
I buy about once a month, every month, mutual funds, not individual issues. I merely increase or decrease the rate. I almost never sell anything for cash, just reallocate the mix once a year or so. I'm not a "trader", I'm an investor. The two are vastly different.
Over 28 years of investing as of today, my average rate of return has been a little less than 11%. And that is AFTER seeing a 40% plunge in the DOW from it's record. That;s better than anything invested in gold, currency, oil, bonds or any other nutty vehicle we've seen touted here.