Stock Market Crash

**Ty Stromquist** · 09-29-2008, 09:59 PM

So what you guys think of this? I personally wish I had some investing money. Time to buy buy buy for a long term investment.

vonny571 · 09-29-2008, 11:07 PM

I hear ya. If I hadn't just bought a house...

H2only · 09-30-2008, 10:16 AM

far from a "crash" I would say. Dont worry though you will be investing in the markets once your responsible for those idiots using your money when that bill passes, and it will pass, maybe not by vote, but Shrubs speech this morning was I feel his last "warning" before he uses executive powers in the matter. So in a way, you will be investing your money.

Jump n Fish · 09-30-2008, 12:25 PM

If we do go into a bad recession it will be horrible for the retirees and those nearing retirement, but it can create a lot of opportunities for those without much invested yet and that have been financially responsible thus far.

I made a big mistake and bought a house right at the peak of the housing market. Now I'm stuck with this house that I owe at least 25,000 more than its worth. Of course as long as my wife and I keep our jobs, we'll have no trouble paying our bills and don't have to be in fear of losing the house, but oh man if I had just waited. I'm just trying to rebuild my savings right now, so I don't have the extra money to invest at the moment, but I'll be watching these markets very close and if they keep dropping for a long time I'll have some money eventually I'll be throwing into wall street. As for what I have in 401K at my age, it isn't enough to cry over what I've lost. If I were in my fifties, I'd probably be a wreck. But DO NOT SELL! There is nothing worse anybody could possibly do for themselves or anybody else than to start taking there money out. People have to quit viewing it as $ and start viewing it at shares. Keep investing while the shares are cheap. Sometime maybe ten years from now all those shares will be worth a lot more. In all honesty if I were 65 and I had enough money as is to last till I died, I would probably move it to something safer and not risk not having the money at all in a few years then die before the market turns around.

lablvr · 09-30-2008, 12:40 PM

Little background on how we got where we are today!

Hope like He** we do not go the way of Japan for the past 10 years, where all the boomers took their cash and stuck it under the mattress. Leads to no growth economy, banks have no cash to lend buisnesses and thus no growth.

Pacman · 09-30-2008, 12:50 PM

Well I guess we can see this go into the political tank.

magnusthebigbrownlab · 09-30-2008, 01:09 PM

...I'm lurking, but not posting for fear of having this thread shut down... But I'm watching you, H2Only. I'm watching you...

Slack Jaw · 09-30-2008, 01:55 PM

The gun is mightier than the dollar.

H2only · 09-30-2008, 02:29 PM

Quote:

Originally Posted by magnusthebigbrownlab

...I'm lurking, but not posting for fear of having this thread shut down... But I'm watching you, H2Only. I'm watching you...

I was wondering where you were at, its not the same here without you chiming in.

magnusthebigbrownlab · 09-30-2008, 03:21 PM

I've got that omnipresence thing working for me...which is nice. I'm always lurking in the shadows. For you Family Guy fans..."Gonna eat that hairy leg. Gonna eat that one too. Da dum Da dum Da dum."

**Catfishsteve** · 09-30-2008, 09:36 PM

My current plan is not to sell. However, I am going to forego putting any more $$ into my 401K for the moment, but no longer than the first of the year.

I am taking that money and buying more ammunition for the time being.

Whatever you do, don't sell now.

**Ty Stromquist** · 09-30-2008, 11:55 PM

Actually you would want to put in right now. BUY LOW........... SELL HIGH

MA Machine · 10-02-2008, 03:48 AM

This is MY opinion and may not be even close to reality: I figure I haven't lost a dime. I did not sell anything so there's no loss. I actually invest more now than I ever have. Some people get the mistaken impression that they are kicking butt in their 401K when the stock market is going crazy (unless your going to retire or cash out). Then they panic and sell off funds or quit contributing to the 401K in times like these. That's sort of backwards thinking as far as I'm concerned. Buy when the market sucks and sell when the market is kicking butt. IF you sell when the market is doing good, put your profits in a fixed fund until the market drops and reinvest. Most plans have a clause as to how often you can sell and reinvest (day trading) in a year/month period and it is for good reason. You can really hose yourself selling 401K funds. Long term is always the best plan. Of course if your retired or going to retire soon it sucks for you. But them again if you are retired you should not be invested in higher risk funds to start with. You should be mostly in bonds and fixed funds. That will be .02 cents please.

Jump n Fish · 10-04-2008, 11:56 AM

Couldn't have said it any better MA Machine!

OldBaldGuy · 10-04-2008, 12:07 PM

You have to be patient and take the long view. (Oh, excuse me. Were we talking about the stock market or Ty's Cubs?

)

**Ty Stromquist** · 10-06-2008, 09:41 PM

Quote:

Originally Posted by OldBaldGuy

You have to be patient and take the long view. (Oh, excuse me. Were we talking about the stock market or Ty's Cubs?

)

100 year curse right? Well 100 years is over this year. Cant wait for next year!

south of 41 · 10-07-2008, 05:59 PM

Fishingnerd33 · 10-08-2008, 11:48 AM

Everything's on sale!! Wish I had some $$$ to invest right now....however college student salaries aren't exactly full of disposable income.

grandprixkiller · 10-08-2008, 03:51 PM

Not about to withdraw or anything, but does anyone forsee when the stocks will stop falling? Don't really want to throw a bunch more in and and have it worth 3/4 of that in a couple days...

tc_topshot · 10-08-2008, 04:10 PM

hey, atleast gas prices have dropped down. but yes, im with fishingnerd33, If only I had some money to invest at the moment...

09-29-2008, 09:59 PM	#1 (permalink)
Ty Stromquist Moderator Join Date: Aug 2006 Location: in a treestand Posts: 3,737 Thanks: 39 Thanked 12 Times in 10 Posts	Stock Market Crash So what you guys think of this? I personally wish I had some investing money. Time to buy buy buy for a long term investment. __________________ How can I be lost...... if ive got no where to go. Unless your going to eat the horns or mount it, let that buck walk by. Shoot a doe

09-30-2008, 10:16 AM	#3 (permalink)
H2only Member Join Date: Sep 2007 Location: Lincoln, NE Posts: 908 Thanks: 39 Thanked 42 Times in 38 Posts	far from a "crash" I would say. Dont worry though you will be investing in the markets once your responsible for those idiots using your money when that bill passes, and it will pass, maybe not by vote, but Shrubs speech this morning was I feel his last "warning" before he uses executive powers in the matter. So in a way, you will be investing your money. __________________ visit here: youtube.com/watch?v=pKFKGrmsBDk 2008 Riverway Racing sponsored rider riverwayracing.com

09-30-2008, 12:25 PM	#4 (permalink)
Jump n Fish Member Join Date: Sep 2006 Location: Laurel, MS Posts: 434 Thanks: 5 Thanked 21 Times in 10 Posts	If we do go into a bad recession it will be horrible for the retirees and those nearing retirement, but it can create a lot of opportunities for those without much invested yet and that have been financially responsible thus far. I made a big mistake and bought a house right at the peak of the housing market. Now I'm stuck with this house that I owe at least 25,000 more than its worth. Of course as long as my wife and I keep our jobs, we'll have no trouble paying our bills and don't have to be in fear of losing the house, but oh man if I had just waited. I'm just trying to rebuild my savings right now, so I don't have the extra money to invest at the moment, but I'll be watching these markets very close and if they keep dropping for a long time I'll have some money eventually I'll be throwing into wall street. As for what I have in 401K at my age, it isn't enough to cry over what I've lost. If I were in my fifties, I'd probably be a wreck. But DO NOT SELL! There is nothing worse anybody could possibly do for themselves or anybody else than to start taking there money out. People have to quit viewing it as $ and start viewing it at shares. Keep investing while the shares are cheap. Sometime maybe ten years from now all those shares will be worth a lot more. In all honesty if I were 65 and I had enough money as is to last till I died, I would probably move it to something safer and not risk not having the money at all in a few years then die before the market turns around. __________________ We accidentally replaced your heart with a baked potato. You have about three seconds to live.

09-30-2008, 12:40 PM	#5 (permalink)
lablvr Member Join Date: Oct 2006 Location: platte river Posts: 49 Thanks: 0 Thanked 0 Times in 0 Posts	if you do nothing else today watch these Little background on how we got where we are today! Hope like He** we do not go the way of Japan for the past 10 years, where all the boomers took their cash and stuck it under the mattress. Leads to no growth economy, banks have no cash to lend buisnesses and thus no growth. __________________ To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

09-30-2008, 01:09 PM	#7 (permalink)
magnusthebigbrownlab Member Join Date: Feb 2007 Location: Omaha Posts: 1,419 Thanks: 39 Thanked 49 Times in 41 Posts	...I'm lurking, but not posting for fear of having this thread shut down... But I'm watching you, H2Only. I'm watching you... __________________ On a cold winter morning in the time before the light, in the flames of death's eternal reign we ride towards the fight. When the darkness has fallen down and the times are tough alright, the sound of evil laughter falls around the world tonight.

09-29-2008, 11:07 PM	#2 (permalink)
vonny571 Member Join Date: Sep 2006 Location: Junction City, KS Posts: 695 Thanks: 4 Thanked 0 Times in 0 Posts	I hear ya. If I hadn't just bought a house...

09-30-2008, 12:50 PM	#6 (permalink)
Pacman Member Join Date: Nov 2007 Posts: 103 Thanks: 0 Thanked 0 Times in 0 Posts	Well I guess we can see this go into the political tank.

09-30-2008, 01:55 PM	#8 (permalink)
Slack Jaw Member Join Date: Mar 2007 Location: Nebraska:Where men are men and sheep are afraid. Posts: 285 Thanks: 0 Thanked 1 Time in 1 Post	The gun is mightier than the dollar. __________________ Someday never comes.

09-30-2008, 03:21 PM	#10 (permalink)
magnusthebigbrownlab Member Join Date: Feb 2007 Location: Omaha Posts: 1,419 Thanks: 39 Thanked 49 Times in 41 Posts	I've got that omnipresence thing working for me...which is nice. I'm always lurking in the shadows. For you Family Guy fans..."Gonna eat that hairy leg. Gonna eat that one too. Da dum Da dum Da dum." __________________ On a cold winter morning in the time before the light, in the flames of death's eternal reign we ride towards the fight. When the darkness has fallen down and the times are tough alright, the sound of evil laughter falls around the world tonight. Last edited by magnusthebigbrownlab; 09-30-2008 at 03:22 PM. Reason: Didn't want OBG to see that I mis-spelled "too."

09-30-2008, 09:36 PM	#11 (permalink)
Catfishsteve Director Join Date: Aug 2006 Location: Plattsmouth, NE Posts: 6,654 Thanks: 9 Thanked 81 Times in 29 Posts	My current plan is not to sell. However, I am going to forego putting any more $$ into my 401K for the moment, but no longer than the first of the year. I am taking that money and buying more ammunition for the time being. Whatever you do, don't sell now. __________________ Attention deer hunters!! Get in on the To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. sponsored by To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. World's Foremost Outfitter!? Here are *To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.* . The NEFGA Buck Bash is FREE to enter and Cabela's will be providing tons of great hunter gear prizes. ********

09-30-2008, 11:55 PM	#12 (permalink)
Ty Stromquist Moderator Join Date: Aug 2006 Location: in a treestand Posts: 3,737 Thanks: 39 Thanked 12 Times in 10 Posts	Actually you would want to put in right now. BUY LOW........... SELL HIGH __________________ How can I be lost...... if ive got no where to go. Unless your going to eat the horns or mount it, let that buck walk by. Shoot a doe

10-02-2008, 03:48 AM	#13 (permalink)
MA Machine 2008 Catch and Continue Finalist Join Date: Feb 2008 Location: Lincoln Posts: 384 Thanks: 32 Thanked 28 Times in 17 Posts	This is MY opinion and may not be even close to reality: I figure I haven't lost a dime. I did not sell anything so there's no loss. I actually invest more now than I ever have. Some people get the mistaken impression that they are kicking butt in their 401K when the stock market is going crazy (unless your going to retire or cash out). Then they panic and sell off funds or quit contributing to the 401K in times like these. That's sort of backwards thinking as far as I'm concerned. Buy when the market sucks and sell when the market is kicking butt. IF you sell when the market is doing good, put your profits in a fixed fund until the market drops and reinvest. Most plans have a clause as to how often you can sell and reinvest (day trading) in a year/month period and it is for good reason. You can really hose yourself selling 401K funds. Long term is always the best plan. Of course if your retired or going to retire soon it sucks for you. But them again if you are retired you should not be invested in higher risk funds to start with. You should be mostly in bonds and fixed funds. That will be .02 cents please. __________________ If you can't beat them, arrange to have them beaten. -- George Carlin

10-04-2008, 11:56 AM	#14 (permalink)
Jump n Fish Member Join Date: Sep 2006 Location: Laurel, MS Posts: 434 Thanks: 5 Thanked 21 Times in 10 Posts	Couldn't have said it any better MA Machine! __________________ We accidentally replaced your heart with a baked potato. You have about three seconds to live.

10-04-2008, 12:07 PM	#15 (permalink)
OldBaldGuy Member Join Date: Aug 2006 Location: The paradise formerly known as Elkhorn Posts: 5,234 Thanks: 29 Thanked 71 Times in 41 Posts	You have to be patient and take the long view. (Oh, excuse me. Were we talking about the stock market or Ty's Cubs? ) __________________ “I think every happy memory plucks a hair from your head; if you see an old bald guy, he’s probably had a great life.” –-Red Green

10-07-2008, 05:59 PM	#17 (permalink)
south of 41 Member Join Date: Aug 2006 Location: sea monster Posts: 2,207 Thanks: 0 Thanked 11 Times in 4 Posts	__________________ The advantage of a classical education is that it enables you to despise the wealth that it prevents you from achieving. Eighty percent of success is showing up. RECOVERING NICOTINE ADDICT SINCE April 6th 2008

10-08-2008, 11:48 AM	#18 (permalink)
Fishingnerd33 Member Join Date: Jan 2007 Location: Chadron, NE Posts: 896 Thanks: 53 Thanked 20 Times in 14 Posts	Everything's on sale!! Wish I had some $$$ to invest right now....however college student salaries aren't exactly full of disposable income. __________________ In Christ alone I place my trust, And find my glory In the power of the cross. In every victory, Let it be said of me, My source of strength, My source of hope, Is Christ alone.

10-08-2008, 03:51 PM	#19 (permalink)
grandprixkiller Member Join Date: Dec 2006 Location: Nebraska Posts: 71 Thanks: 1 Thanked 1 Time in 1 Post	Not about to withdraw or anything, but does anyone forsee when the stocks will stop falling? Don't really want to throw a bunch more in and and have it worth 3/4 of that in a couple days...

10-08-2008, 04:10 PM	#20 (permalink)
tc_topshot Member Join Date: Dec 2007 Location: Broken Bow/Lincoln Posts: 294 Thanks: 3 Thanked 6 Times in 3 Posts	hey, atleast gas prices have dropped down. but yes, im with fishingnerd33, If only I had some money to invest at the moment... __________________ Whackin' Woodies Waterfowl Crew

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