Wow this month has been brutal on Stock Market

[djjerme]

In for the long term and just ignoring it for now.

Figure, the shares are bought, and regardless of the values, I still have the same qty as I did yesterday. Eventually, the market will come back around.

Though, if you want to dump some funds/bonds/stocks etc for a loss, I think there is still time to claim it on last years taxes.

[markseven]

I have no clue about any of this and don't know anyone who does, but I have been trying to learn as much as I can, annoying the shit out of the Fidelity call center staff for sure. This dip and all the doomsday predictions has me scared to jump in, especially since I really still don't understand much of it, but it seems like when it is low like this its time to buy in, no?

Hopefully as I get further in school I can take a class on this stuff.

same boat haha

Buy low sell high.

I have also heard this used as a response to the server or barista that asks "where's my tip?".

[dirty30]

I blow all my money on cars/ parts and I'm taking heavy losses at the moment.

[J.Rizo]

I have no clue about any of this and don't know anyone who does, but I have been trying to learn as much as I can

same boat haha

[Sputnik]

I had some stock in a shitty company that went bankrupt. "Spectrum Brands" At 17 I cried when they sent me the letter saying my shares were being kept by the company and I was owed nothing. My dad told me that's what I got for not doing my research.

Lol sounds like me, i bought 4,000 shares of wetseal, the teenage girl fashion store, thinking that they would be bought out some what soon... yeah, ended up getting the same fucking letter

[ST1G]

I have a decent spread on my funds/bonds and it hurts but just means when the market gets better I'll be ok. I have been struggling not to look daily.

I own zero stocks, etfs or bonds. I am still in school and plan to pay off my student loans before investing. However, if you're not near retirement age it's not really a big deal. You know that no loss is actually materialized until you sell, or the company goes bankrupt, so what's the point in wasting energy on losses that aren't real?

I had some stock in a shitty company that went bankrupt. "Spectrum Brands" At 17 I cried when they sent me the letter saying my shares were being kept by the company and I was owed nothing. My dad told me that's what I got for not doing my research. Rayovac Batteries, poor investment in 2007.

EDIT: I just looked. They relisted in 2010 and the shares are now at $89 a share, with massive growth. Guess I jumped on the train a little too early.

exactly, self majord' at r3vlimited school of calumniation

Shit son. My degree from Sloan Business school has nothing on that.

[Wschnitz]

You a quant bro?

exactly, self majord' at r3vlimited school of calumniation

[M-technik-3]

I have a decent spread on my funds/bonds and it hurts but just means when the market gets better I'll be ok. I have been struggling not to look daily.

[ST1G]

nah bruh its 2008 again everyone panic and sell stocks off.

You a quant bro?

[Wschnitz]

nah bruh its 2008 again everyone panic and sell stocks off.

[ST1G]

The market has been overvalued in 2015, it's just a correction in the market.

[mrsleeve]

try being in the oil/energy biz ......

[Vincent Brick]

I have no clue about any of this and don't know anyone who does, but I have been trying to learn as much as I can, annoying the shit out of the Fidelity call center staff for sure. This dip and all the doomsday predictions has me scared to jump in, especially since I really still don't understand much of it, but it seems like when it is low like this its time to buy in, no?

Hopefully as I get further in school I can take a class on this stuff.

[gwb72tii]

Bonds have outperformed stocks since 2000

[mbonder]

Unless you need to move money in the short term, don't worry about it, may take a while for it to recover, but the market will correct and your money will return. Those that get hurt are those that pull their money into low yield markets like bonds because they will not reap the benefit of the rise during recovery.

If you can, it will be time soon to actually buy in more to take advantage of the fall in prices, there will be some great deals out there when everything hits the bottom, toughest part is finding somewhere close to the bottom to buy in. I think we've still got a bit more to go to retrace the lows over the last couple of years when we've seen similar dips.