Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Rollo

(2,559 posts)
22. In 2009 I watched a stock I owned dip down to the price I'd paid for it 10 years earlier
Mon Mar 6, 2017, 10:41 PM
Mar 2017

When it first went public. I resisted the urge to sell, that wasn't too difficult. But I failed to buy more, which was a mistake.

A lot of non-finance/non-real estate equities got hammered at that time, in retrospect it was thru no fault of their own. It was just the contagion of the general meltdown. Today that stock is selling for 20 times its 2009 low... I finally bought back in last spring at another low. But it's "only" doubled since then, LOL.

I still think Trump is going to be bad news for the markets, eventually. We've already seen how it reacts negatively to his shoot from the hip style. I don't know if "sell on the tweets" is good advice yet, but it just might be for day traders (which I'm not). On the other hand, Trump's mental illness is not directly related to the health of our economy. So even his worst meltdowns will eventually be shrugged off by markets that are otherwise healthy.

i dont think so. drray23 Feb 2017 #1
I'm retiring in the next 6 months GP6971 Feb 2017 #3
I would recommend going with the major True Dough Feb 2017 #2
That's less of a joke than you think..........n/t fNord Feb 2017 #6
Private prison stocks. Mendocino Mar 2017 #10
Sessions? True Dough Mar 2017 #12
Dah Mendocino Mar 2017 #13
No. I've been in the stock market since June 1987 yeoman6987 Feb 2017 #4
Hmm, since then, the Vanguard S&P 500 index fund (VFINX) has gone up 14.967 fold progree Feb 2017 #7
That would depend..... fNord Feb 2017 #5
oh, yes, I've been invested in Vanguard's S&P 500 fund for many years... Rollo Feb 2017 #8
One thing to consider... 2naSalit Feb 2017 #9
No Metsie Casey Mar 2017 #11
You can't let your personal feelings influence your investing BainsBane Mar 2017 #14
Yes and no... Rollo Mar 2017 #15
One loses the farm when indexes crash, only if one sells before the recovery progree Mar 2017 #16
OK, sure, five or six years for the markets (and one's investments) to recover... Rollo Mar 2017 #17
Sell bonds to meet living expenses in down markets progree Mar 2017 #23
The problem is that even bonds are no longer a safe haven... Rollo Mar 2017 #24
"But nobody has a fool proof formula for investing success." A HERETIC I AM Mar 2017 #18
Back in '08 and '09 -- Actually I was buying like crazy progree Mar 2017 #19
In 2009 I watched a stock I owned dip down to the price I'd paid for it 10 years earlier Rollo Mar 2017 #22
Not so fast my friend TrackFan12 Mar 2017 #20
Obviously it's a good idea to sell SOME (sell high) at the peaks in order to accumulate Rollo Mar 2017 #21
Latest Discussions»The DU Lounge»Should I sell all my inve...»Reply #22