What are you doing right now?

MsTinkerbelly · 08-24-2015, 10:21 AM

Quote:

Originally Posted by Kelt

Watching the markets. I need a walk by the river with no media availability.

Also, "Just kill me now"

It must be one of those Mondays.

Don't panic.
Don't sell.
Buy, buy, buy if you can.

The big boys will cause this "crisis" so that folks like us will panic and sell, and they can buy low and pad their accounts even more.

You probably know this, but I learned it when the stock market tanked, and the employer I had bought mega stock for each of our 401k's. When I left the company I had a very hefty nest egg, due primarily to this kindness to his staff.

Orema · 08-24-2015, 10:28 AM

Quote:

Originally Posted by MsTinkerbelly

Don't panic.
Don't sell.
Buy, buy, buy if you can.

The big boys will cause this "crisis" so that folks like us will panic and sell, and they can buy low and pad their accounts even more.

You probably know this, but I learned it when the stock market tanked, and the employer I had bought mega stock for each of our 401k's. When I left the company I had a very hefty nest egg, due primarily to this kindness to his staff.

That's what I keep hearing, Ms. T, but it's so hard not to move everything into mutual bonds till things cool down. Okay, I'm not gonna look at my 401k today. I'm just gonna sit tight. For now.

Good luck to everyone—we're gonna need it.

MsTinkerbelly · 08-24-2015, 12:14 PM

Quote:

Originally Posted by Orema

That's what I keep hearing, Ms. T, but it's so hard not to move everything into mutual bonds till things cool down. Okay, I'm not gonna look at my 401k today. I'm just gonna sit tight. For now.

Good luck to everyone—we're gonna need it.

If you don't need the money to live on right this minute, the downslide really isn't affecting your 401k or the stock in it. The market slide (caused this time primarily by China) will stop, and stocks will begin to rise once again.

As I mentioned before, the people selling now are the everyday investors, and the rich will buy and get richer. Putting your money in a mutual bond sounds safe, but you will be selling at current prices (low), and then moving back to stocks when the prices go up....effectively losing money!

Good luck!

JDeere · 08-24-2015, 01:00 PM

Laying in bed trying to relax after my long weekend.

Gemme · 08-24-2015, 06:53 PM

Quote:

Originally Posted by BullDog

Chilling out, listening to music, taking a bit of a break this morning. I've been working very long hours and I needed it. Also, my latest and greatest writing gig is about how to get dates using the Tinder app (never heard of it till now). That's about the last thing I would like to write about.

Swipe right.

Quote:

Originally Posted by MsTinkerbelly

Don't panic.
Don't sell.
Buy, buy, buy if you can.

The big boys will cause this "crisis" so that folks like us will panic and sell, and they can buy low and pad their accounts even more.

You probably know this, but I learned it when the stock market tanked, and the employer I had bought mega stock for each of our 401k's. When I left the company I had a very hefty nest egg, due primarily to this kindness to his staff.

Be it smart or stupid or somewhere in between, I only check my 401k once a quarter.

I've got enough stress in my life as it is.

Right now, I'm practicing couch potato-dome.

JDeere · 08-24-2015, 07:48 PM

Watching football.
Thinking about going to bed early.

MsTinkerbelly · 08-25-2015, 01:24 AM

Be it smart or stupid or somewhere in between, I only check my 401k once a quarter.

I've got enough stress in my life as it is.

Right now, I'm practicing couch potato-dome.[/QUOTE]

Most people don't obsess about their 401k's...once a quarter is good for rebalancing, or noticing if a stock is/isn't performing well and making changes.

Orema · 08-25-2015, 05:32 AM

Painting my face while pondering the day ahead.

Kelt · 08-24-2015, 11:44 AM

Quote:

Originally Posted by MsTinkerbelly

Don't panic.
Don't sell.
Buy, buy, buy if you can.

The big boys will cause this "crisis" so that folks like us will panic and sell, and they can buy low and pad their accounts even more.

You probably know this, but I learned it when the stock market tanked, and the employer I had bought mega stock for each of our 401k's. When I left the company I had a very hefty nest egg, due primarily to this kindness to his staff.

Amen, I wish I could right now, the whole friggin world is on sale today.

They say never try to time the market and I don't. Unfortunately I have some estate things on the move last week and this. My usual response is to treat it like a bear in the woods (< pun intended), be still, be quiet, and it will go away.

There was one position that was set to go today and I was able to stop it, whew!

Buckle up folks.

08-24-2015, 01:00 PM	#4
JDeere Practically Lives Here How Do You Identify?: Transgender Preferred Pronoun?: He/him/his Relationship Status: Single Join Date: Jul 2014 Location: Oklahoma Posts: 17,752 My Photo Gallery Thanks: 31,018 Thanked 28,833 Times in 9,708 Posts Rep Power: 21474865	Laying in bed trying to relax after my long weekend. __________________ Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning. Albert Einstein

08-24-2015, 07:48 PM	#6
JDeere Practically Lives Here How Do You Identify?: Transgender Preferred Pronoun?: He/him/his Relationship Status: Single Join Date: Jul 2014 Location: Oklahoma Posts: 17,752 My Photo Gallery Thanks: 31,018 Thanked 28,833 Times in 9,708 Posts Rep Power: 21474865	Watching football. Thinking about going to bed early. __________________ Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning. Albert Einstein

08-25-2015, 01:24 AM	#7
MsTinkerbelly Timed Out - TOS Drama How Do You Identify?: ... Preferred Pronoun?: ... Join Date: Nov 2009 Location: ... Posts: 6,573 My Photo Gallery Thanks: 30,737 Thanked 22,901 Times in 5,017 Posts Rep Power: 0	Be it smart or stupid or somewhere in between, I only check my 401k once a quarter. I've got enough stress in my life as it is. Right now, I'm practicing couch potato-dome.[/QUOTE] Most people don't obsess about their 401k's...once a quarter is good for rebalancing, or noticing if a stock is/isn't performing well and making changes.

08-25-2015, 05:32 AM	#8
Orema Superlative Soul Sister How Do You Identify?: Lesbian stone femme Preferred Pronoun?: She, her Relationship Status: Moving in a single file and sometimes a sinner. Join Date: Dec 2013 Location: Cottage of Content Posts: 13,697 My Photo Gallery Thanks: 41,476 Thanked 34,736 Times in 8,963 Posts Rep Power: 21474861	Painting my face while pondering the day ahead.