Who has moved out of the stock market?

[Krazy P]

Just wondering if recent events had triggered many folks to move to the sidelines and wait things out.

It looks like Lehman and WAMU are history.

Comments?

[Monte314]

Nope. I'm in for the long haul... still putting money in. There are plenty of bargains out there right now.

[Wuchak]

Big picture and long-range . . . cost share averaging . . . diversified in five accounts

[Avid]

I'm pretty much doing the monte thing. Lot of good stock is on sale right now...it should correct itself (I hope).

[notoppings]

I guess I'm with most everyone else that has posted. I continue to buy and at the lower rates I'm buying more, anticipating a rise in the market at a later date, in it for the long haul for me the only way to invest. I don't have the nerve or the skill for day trade.

[Avid]

I guess I'm with most everyone else that has posted. I continue to buy and at the lower rates I'm buying more, anticipating a rise in the market at a later date, in it for the long haul for me the only way to invest. I don't have the nerve or the skill for day trade.

Yeah, I never had the stomach for that either. I don't like the capital gains tax for one...I'd rather have slow constant gains than big day losses. I think I might play around with it later for fun though when I have a decent investment egg built up. I'm trying to learn more about it though (I never seem to know enough).

[mmm7789]

I'm learning about options trading now. My cousin started about 5 years ago, and stopped working about 3 years ago, by turning his electrical business over to his kids. Now he does a few trades a week, and spends the rest of his time taking cruises and goofing off. I, an the other hand, intend to spend my time motorcycling and boating.





mmm7789 added to this post, 0 minutes and 56 seconds later...

Although a few friends want me to teach them, when I'm ready.

[TigerDak]

I'll be changing banks on Monday. I've been with Washington Mutual since 1994. But that's about to change real soon. I was looking at historical stock prices for the past year for all major banks in my area. Almost all of them have lost market value over the past 12 months. Only US Bank has remained pretty much unchanged. I'm leaning toward them because if they were going to be shaken by the subprime mortgage problems, it would have reflected in their stock price by now.

[Allie]

Long haul for me too (just moving certain allocations around, but staying put). As for short term stocks, those I usually buy low and sell quickly when they reached my targets after a short period in time. Then, I look for other bargains and do the same.

[Synamon]

I currently have a quarter of my stock market portfolio in cash (which is the highest it has been in 10 years) and have been gradually decreasing the weighting of my US holdings the past few years in favor of Canadian indexes which are heavy in natural resources. I still have US exposure in some mutual funds. All the real estate holdings I have are local and unaffected by the bailouts.

I'll probably start to buy into the US market during the next 6-12 months or so.

[cncracer]

Yes and no, I have several stocks I just let ride, and others I moving out of almost a year ago. I have started moving back into those risky stocks again now at a lower price.

[Krazy P]

You might want to reconsider - don't say I didn't warn you.

Watch what happens tomorrow

[Tyrant Soup]

I've been too conservative. I was 100% in cash by the middle of 2006. I'm working with a huge sum (relative to my salary), so I'm not willing to take risks until stock prices decline substantially, hopefully below 2003 levels.

We had a 20+ year long term bull market. Many believe that the bear market could last 15 years or more. Take a look at the second largest economy in the world, Japan. If you happen to have bought the index in 2002, you would still be in the hole today, even when inflation is ignored.

[Krazy P]

I don't want to gloat too much people, but if you note the date and time of my original post, you might note that the market has dropped almost 1,000 points since I made my original "suggestion" - roughly 8-10%.

Let's say your portfolio is $1 million. You just lost $80,000.

That is what I call the "N" of the INTJ in my personality. (Not ot mention the "T" and the "J")

I had a Board meeting tonight and since I implemented in both my personal and professional life, let's just say my Board is very, very pleased.

Stick around, I may have some more suggestions.

[Tyrant Soup]

You should short the stocks instead of just staying on the sidelines!

[DrEast]

You should short the stocks instead of just staying on the sidelines!

Eh, I refuse to participate in this broken system and always have. Let me know when our money's backed by something other than the virtue of politicians and bankers again.

[Krazy P]

You should short the stocks instead of just staying on the sidelines!

Good point - but I can't be perceived as a driving force in the current problems. What I do is under observation, so it's not like people aren't watching. If I was not employed, it would be different.

God, I could have made a fortune! Alas....

[bladeserver]

Good point - but I can't be perceived as a driving force in the current problems. What I do is under observation, so it's not like people aren't watching. If I was not employed, it would be different.

God, I could have made a fortune! Alas....
Or, indeed, lost one.

[Fej]

Or, indeed, lost one.

well said