I'm sure there are those who are up this year, but most of my invesments are down. I'm not a trader or anything, so I just throw my $$ in the 401k every pay period and also have a few mutual funds I contribute to. Part of me thinks I should keep throwing in $$ to buy shares at the low prices (buy low, sell high), but part of me hates seeing my balance dwindle more and more.
My 401k is down about 30% for the year and 15% overall. My mutual finds are down about 17%. "Luckily" I have over 30 years of work to look forward to the balance rising, but still...
I have little money to invest now, so I have no money on stock markets. Have chosen safer investments through rrsp.
What do you think the ban on short selling will do to the options market? I know it's only for 10 days intially, but if options traders (and stock traders for that matter) short puts they'll have a harder (and costlier) time of hedging their positions.
I have lost alot in the recent ecomomic downfall I have lost about 300-500 dollars in just a few shares. The markets are really broke. We need to fix this.
I'm considering investing now in the FTSE 500 for the long term probable rebound.
might wait until the next spike drop before I do, though
401K was down 8,000 but I moved everything to savings bonds on monday, and monday posted the biggest gain in history, and I gained 3,000 back before the sold off my stocks and invested all in savings. I'll change it around when things get better!
You say you trade options, I just bought "Options Made Easy software" and I'm working on the tutorials trying to learn about options and trading them. Was I a dummy and bought something I didn't need, or do you think it is a decent purchase. It is 99.00 a month for the software and the live feed, so far I've had it 2 months, going into my 3rd. Haven't traded anything yet, still working on the tutorials!!
What'a ya think?
I have been able to keep my RRSP's to 10% loss. I was able to dump all my US equity about a year ago. My company matches my contributions though, so only half of the money is truly mine. Still sucks though. Everyone should pay attention to Bogger, try and decide for yourself when the market has bottomed out and then find some bargain investments you are comfortable with...