Answered Conundrum Next Conundrum
Are you ready to trust your life savings to the stock market yet?
Interesting Question? Yes (0) No (0)- In Investment |
- |
- Report |
-
Share
RSS
Best Answer Chosen by Asker
Marked as Best!
October 17, 2009 01:27 AM
Helpful Answer?
(0)
(0)
Permalink |
Report
I have to trust the stock market because my life savings are in the stock market and has been for some time. Believe me when I tell you that the past year or so has been a emotional ride. I actually asked my investment adviser to stop sending me account statements as they were troubling me and were leading to a near panic state.
The adviser has told me and continues to tell me not to panic, not to move my money. I am trusting this adviser as I have never been given advice that has caused me to lose money, in fact all the advice my adviser has given me has led to increased dividends and disbursements. Maybe we have been lucky but the recent upturn and every "light at the end of the tunnel" indicator I have seen recently is comforting and I'm sticking with the market it has been good to me so far both in the ups and the downs so yes I trust the stock market.
Let's go 20,000 !!
The adviser has told me and continues to tell me not to panic, not to move my money. I am trusting this adviser as I have never been given advice that has caused me to lose money, in fact all the advice my adviser has given me has led to increased dividends and disbursements. Maybe we have been lucky but the recent upturn and every "light at the end of the tunnel" indicator I have seen recently is comforting and I'm sticking with the market it has been good to me so far both in the ups and the downs so yes I trust the stock market.
Let's go 20,000 !!
| Asker's Rating: |
(0)
(0)
Permalink |
Report
Reply
Other Answers (2)
October 17, 2009 02:52 AM
(0)
(0)
Permalink |
Report
Waiting too long will mean less money. The best time to buy in is after everyone sells-stocks are lowest and it is right before or after the trough. The worst time is when everyone begins to sell-doing this loses you a lot of money as it is the high point of the stock value.
Helpful Answer?
(0)
(0)
Permalink |
Report
Reply
October 17, 2009 06:00 AM
(0)
(0)
Permalink |
Report
A lot of individual folks aren't doing so well because they waited too long to trust the market. I wouldn't have a problem with having money in the market in today's environment, but what really counts is how early you were comfortable with it. I know some people who never lost their cool and just kept dumping new money in all the way down. They're pretty happy right now. For those who aren't quite comfortable even at this point, there are other safer options out there that they should consider.
Helpful Answer?
(0)
(0)
Permalink |
Report
Reply
Answer this Question
View All Investment QuestionsAsk a Conundrum
Please visit these retailers to purchase Conundrum or find the wine at these fine restaurants:
-
1991 St Helena Hwy
-
699 St Helena Hwy
-
1115 Main St
-
1321 Main St
-
Aqui catando unos pulquitos... Caymus y belle glos clark... Ufff !! http://tweetphoto.com/35850115
3:16 p.m. July 30th, 2010 -
Gulp gulp gulp ;) (@ caymus vineyards) http://4sq.com/6740Ba
11:41 a.m. July 30th, 2010 -
Sandwich to go with my glass of Caymus #Cabernet #wine (@ Soda Canyon Store) http://4sq.com/8Ilnsl
11:23 a.m. July 30th, 2010 -
Get your palate ready for Sunday’s big event with our Saturday tasting featuring Caymus Vineyard (@caymuscabernet)! http://ow.ly/2iZHk
10:59 a.m. July 30th, 2010 -
Caymus Vineyards Cabernet Sauvignon http://bit.ly/98S6QR #web #fb #1 #2 #3 #4 #5
3:49 a.m. July 30th, 2010