So I'm curious why people seem to think that panicking and pulling all their money out of the market is the answer to everything. Do they not realize that they are assisting in the destabilization? As I told my grandmother the other night, unless you are 70 or something, and don't HAVE a few years left for things to recover before you retire, you need to just leave your money alone. The market ALWAYS recovers eventually. You just have to have the patience to wait it out...
economy investments stock_market Apocalypse
What should go here?
posted on Tuesday, Sep 30th by lostintranslation
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And on that note, I'll be speaking with my advisor later today regarding purchasing a few index funds. Now seems like a good time to get in on these, with the exception of Asia / Pacific Rim.
Mob mentality isn't exactly known for its reason and logic.
Apparently.
I am so thankful for having had a Western Civilization professor who taught history from a "meta" perspective.
Everything works in cycles, people. This includes the stock market. It's all just a matter of looking at things with a broad enough view.
If I had money I would be buying every stock in sight.
The FDIC only insures deposits up to $100,000. Lots of corporations and even many people have accounts larger than that, and are pulling most of their money out of weak banks to spread around to maximize FDIC coverage. This is exactly what happened to WaMu. There's been some talk of raising FDIC coverage to $1,000,000. Personally, I'm in favor.