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Post by Coast2Coast on Dec 12, 2014 21:19:12 GMT -6
Ugly week for the market. Dow was down 3.8%, S&P 3.5%. If you have a 401k, here is a tip. Don't look at it. If you are long on most any equities, you probably already know.
I have a few stocks riding it out, and this too will pass. But most of my portfolio got hit by a truck. More like an oil tanker truck to be exact. If you have any dry powder, next week might bring some opportunities to fire. Anybody want to catch a falling knife on oil prices?
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All Drop In
Moderator
The Voice of Reason
Posts: 32,505
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Post by All Drop In on Dec 12, 2014 21:38:50 GMT -6
Everything is in the real estate game for me these days. I was that guy, watching the 401k daily. I didn't have the time or money to do individual stocks. My first experience really following the stock market, on a fantasy level, was during the tech boom. I worried my vision would be skewed a couple years later. There wasn't much to invest. I'll get back in eventually.
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