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Post by calgaryscrapper on Oct 12, 2022 0:01:52 GMT
My Dad always said to not put all of your eggs in one basket. Two and a half years. ago we opened another investment in my tax free savings account for three years and it has a floating rate. Was very low at first but now the 6000 dollars is the full 15 per cent. I invest in Roger’s sugar in this account (good dividend and everyone buys sugar). Some stocks etc fluctuate but we try not to look at them often. Last year, rates were so low I told I might as well put the money in our mattress,lol. A friends Dad used to put it in between book pages.
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SabrinaP
Pearl Clutcher
Busy Teacher Pea
Posts: 4,415 
Location: Dallas Texas
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Post by SabrinaP on Oct 12, 2022 2:42:54 GMT
I'm so tired of my stocks, IRAs, and other investments going down, down, down. I'm almost ready to pull money out of the non penalty accounts and just stick it in a freakin' savings account, at least I'll make some money. Vent over. Karen Resist the urge to check it. Whatever you do, do not pull it out. |
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Post by crimsoncat05 on Oct 12, 2022 14:57:21 GMT
that's why i can't look at my investments every day right now. this is not a good time but the market has been through this in the lifespan of my investments. i just have to keep telling myself that, in the big picture, the market has gone up historically. i could have panicked in March 2020 when the market nosedived due to the pandemic but look what happened later in 2021. now is not the time to panic. now is the time to invest when you couldn't a while ago because the prices were so high.^^^ THAT. my DH obsessively checks his retirement accounts, and it irritates the CRAP out of me. We will NOT NEED that for years!! A few years ago he was so worried about it that he told our financial guy to move all of his retirement into the most conservative accounts they had. So he didn't lose any money- but he didn't make hardly any, either. sigh. And we just did what I bolded, investing MORE: we just bought more shares of a particular company because it's low right now, which evened out the price per share a bit, overall. And, when it goes back up (which it will), we will have more $$! (but he is so obsessive about the per-share price, he actually HID the investment account info from the homepage of the account, so he wouldn't have to see it-- lol.) |
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SweetieBsMom
Pearl Clutcher
Posts: 4,767
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Post by SweetieBsMom on Oct 12, 2022 14:59:16 GMT
I'm so tired of my stocks, IRAs, and other investments going down, down, down. I'm almost ready to pull money out of the non penalty accounts and just stick it in a freakin' savings account, at least I'll make some money. Vent over. Karen Very good advice. |
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Post by papersilly on Oct 12, 2022 16:59:12 GMT
And we just did what I bolded, investing MORE: we just bought more shares of a particular company because it's low right now, which evened out the price per share a bit, overall. And, when it goes back up (which it will), we will have more $$! (but he is so obsessive about the per-share price, he actually HID the investment account info from the homepage of the account, so he wouldn't have to see it-- lol.) right now we are investing in companies and industries in their infancies. the baby amazon and tesla, if you will. their infancy and the market being down makes their companies reasonably affordable to invest in right now. |
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scorpeao
Pearl Clutcher
Posts: 4,521
Location: NorCal USA
Jun 25, 2014 21:04:54 GMT
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Post by scorpeao on Oct 12, 2022 18:20:28 GMT
are you about to retire? a coworker has at least 10 years before retirement and she checks her 401K every day. Why? It's a long term investment. Unless you're retiring in the near future why worry about it? In 2008 my accounts went to almost zero...they rebounded huge five years later. I'll start worrying when I'm a few years from retirement.
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Post by lisacharlotte on Oct 12, 2022 20:47:16 GMT
I retired two weeks ago. DH retired two years ago. The amount we have lost is very, very painful. However, even though we're both retired, we're holding tight. We're lucky that we're not having to use our invested funds for daily living. We're in contact with our financial advisor to make sure we are making wise moves with our money for our stage of life. Currently, DH's retirement pay from work/military/SS is enough for us to live on. The best thing we did was pay off EVERYTHING before I retired.
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Post by crimsoncat05 on Oct 12, 2022 20:50:25 GMT
A friends Dad used to put it in between book pages. I've watched some Youtube videos where people clean out someone's house after they've died and they sometimes find coffee cans full of coins, paper money in books, etc. That is, if they don't get thrown away first without going thru them. My DH is almost at that point, but not that bad, thank goodness!! lol. |
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Post by papersilly on Oct 12, 2022 20:54:55 GMT
A friends Dad used to put it in between book pages. I've watched some Youtube videos where people clean out someone's house after they've died and they sometimes find coffee cans full of coins, paper money in books, etc. That is, if they don't get thrown away first without going thru them. My DH is almost at that point, but not that bad, thank goodness!! lol. i helped my friend clean out her aunt's house to get it ready to sell. there were pieces of jewelry wrapped in paper napkins and tucked here and there inside of coats. she was just going to gather everything up and donate it to the goodwill so i'm glad she checked. |
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Post by ~summer~ on Oct 12, 2022 21:16:27 GMT
I’ve been buying small amounts of Bitcoin but nothing else other than my normal 401k contributions- I believe monthly inflation data comes out tomorrow so there will likely be some movement tomorrow
Eta: This is a really big reading because we have slowly gone down from 9.1% over the last couple of months but if the trend breaks and we go back up - markets might panic
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Post by ntsf on Nov 23, 2022 2:46:35 GMT
we helped clean out the home of a friend.. it was half under remodeling.. a real mess. he and his wife, and his mom and his baby all died in a plane crash. we took a lot of time to look at everything.. and found $5000 in a closet. he left two kids behind.
we are retired, but we just ride the market. we trust what we are invested in. and in our advisor. we have no pension but we can live off our investments for good or bad.
my dad invested a small amount in a mutual fund in the early 1950's.. and he ignored it.. at 95 when he died.. it was worth about $200,000..
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Post by 950nancy on Nov 23, 2022 2:47:39 GMT
We've been investing for over thirty years and this too shall pass. It doesn't help if you have to have the money now, but I wouldn't sell unless it was absolutely necessary.
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Post by guzismom on Nov 23, 2022 13:25:04 GMT
I'm so tired of my stocks, IRAs, and other investments going down, down, down. I'm almost ready to pull money out of the non penalty accounts and just stick it in a freakin' savings account, at least I'll make some money. Vent over. Karen This is why people lose money.... You don't lose anything until you sell. |
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Post by crazy4scraps on Nov 23, 2022 16:23:59 GMT
Old thread alert, bumped by a one hit wonder.
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