iPhone stocks app green again.
Why is this making me laugh so hard? Seriously, though, how about that market, eh?
Comments
Stress tests. no matter what the results, people will score big in the market.
Are you referring to those bank stress tests I heard about a few weeks ago? Are the results coming in or something? NPR has been doing it’s pledge drive so I have absolutely no idea what is going on in the world lately.
There’s no way they’re going to release the actual data from those things. There would be such a run on the banks it would be ridiculous.
They’re due out tomorrow, but of course there have been leaks. I heard something about Bank of America being many billions short, big surprise.
I don’t think there will be runs, people have a better understanding of the banking system these days, plus there’s the FDIC.
Does this mean I should finally look into long-term investing?
You should always look into long-term investing, provided you have capital to invest. The only question, at this point, is how safely do you invest it. Luckly, the bulk of my money is in goldman-sachs mutual funds so I’ve made out quite alright despite the downturn.
I agree with Hutch; while my 403b has taken quite a hit over the last year, I’m definitely young enough to see that money recover. You’ve got to be in it to win it, Paris, and I guess you’ve got to be ready to lose it and win it back (hopefully).
Unlike John, I had an “aggressive” portfolio, so I lost a few thousand dollars. Hopefully they’ll rebound well.
I was hoping to get it just when the market begins to turn around. I couldn’t bare to invest when I still knew it was going down. I was hoping to get in just when it was bottoming out, or somewhere close.
The idea is that on a long enough time line, barring any revolutions or world wars, it will always go up. Invest for the long-term.