I follow my fathers advice when it comes to the stock market. He used to always tell me "Son, buy high and sell low." Poor guy was broke when he passed on.
Originally posted by Vengeance: Perhaps your assets mean nothing, but I'm kinda fond of mine. Or at least I was.
My assets mean a lot, and hey just like everyone, i'm taking a hit right now.
But taking a hit doesn't mean stop investing.
it also doesn't mean that it's the end of the world.
Now's the time to pump more $ into the market.
No problem Jake, I think we're all on the same train as you. It has been a very interesting and influential week on Wall St, and I think that's why the thread was started :-)
[This message has been edited by On-top (edited 09-20-2001).]
Historically stocks have always gone up. And that's really the only way they can go long term. Otherwise they would all hit 0 and that would be the end of that.
Originally posted by Kimmykim: Historically stocks have always gone up. And that's really the only way they can go long term. Otherwise they would all hit 0 and that would be the end of that.
LOL
True, so unless you bought excite at 100 and are now watching it hover around 36 cents, you got nothing to worry about.
``Anyone who bought yesterday looks like a moron today. And if you buy today, you're worried you're going to be looking like a moron tomorrow,'' said Dominic Freud, head of European trading at S.G. Cowen in New York. ``The likelihood of looking like an idiot next week is quite high.'' Thank God all of my money is in heroin futures.
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