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re: Reccomend some buy and hold stocks
Posted on 7/16/15 at 7:52 pm to Jag_Warrior
Posted on 7/16/15 at 7:52 pm to Jag_Warrior
quote:
I pulled the trigger on quite a few stocks in 2009. But only because I decided that for once in my life, if the country and financial system didn't make it, I would go down with the ship this time. It turned out more than OK. And some dynastic fortunes were made off those lows. But it felt like a crap shoot every time I hit the buy button. Anybody that went into capital preservation mode back then has nothing to be ashamed of. It could have just as easily gone the other way.
Great way to put it, makes me feel a lot better also
1
Posted on 7/18/15 at 9:20 pm to windshieldman
quote:For me it wasn't so much the buy button but daily checking the price on the buys for weeks after. I kept thinking, what the hell did I do. This was when I thought I caught a falling knife. Thank goodness the market turned around shortly after. While I didn't make a "dynastic fortune", I did do quite well in my investment account. I had several coworkers that moved out of stock funds in our 401K. I tried to tell them they were locking in their losses and they should stay the course. Thankfully, I did and was rewarded.
It turned out more than OK. And some dynastic fortunes were made off those lows. But it felt like a crap shoot every time I hit the buy button
I'll vouch for LSU Russian on this. I was around back then and remember his remarks. Wish I knew how he knew (or, guessed right).
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