Thank you, I was hoping you would reply in this thread.

If you don't mind me asking, how did the recession affect you personally? You can be as vague or detailed as you like.

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Posted by LSURussian

Member since Feb 2005

127247 posts

Posted on 7/8/13 at 2:37 pm to rintintin

quote:
Thank you, I was hoping you would reply in this thread.

Thanks. Us major trolls who are part of the international banking cabal don't usually get love.

quote:
how did the recession affect you personally?

From an income standpoint there was no impact on me. I own my own business which is not related to manufacturing.

Of course, the stocks I owned lost value. Luckily, I pretty much cashed out my portfolio late in 2007 with the exception of a few long term holdings that would have required me to pay some pretty hefty capital gains taxes if I had sold them.

I suggested on this board in February, 2009 that the time was near to get back into the market. The U.S. stock market hit its recession low point on March 9, 2009.

I guessed correctly that one time and it paid off big for me. I more than doubled my stock portfolio in about 18 months after I wrote that post.

But don't let anyone fool you into thinking they know what's going to happen. No one does. Not even us international banking cabal members.....

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Posted by Nawlens Gator

louisiana

Member since Sep 2005

5850 posts

Posted on 7/8/13 at 2:42 pm to rintintin

I've been through the last two recessions - '01 and '09. The first I anticipated and got out of equities at the top, and back in at the bottom ('03). Made a bunch of money.

The second I missed. I stayed in and rode it down and back up. That was very painful when down, but satisfying when the S&P 500 came back. Some of my coworkers panicked and sold when it was down. When you sell when it's down, all you're doing is locking in losses.

If you have a time horizon of more than 8 yrs, don't worry about it. It will come back and you're still adding dividends which will boost your holdings when it comes back. Staying the course in a down market is a lot more painful than you can imagine. Ya gotta have faith.

If you're smart enough to get out and back in at the right time, you'll be way ahead. But if you miss the top, staying the course is the only alternative.

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