I just lost $7000 on my stocks - Advice needed

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  • fujiko
    Confirmed User
    • Jan 2008
    • 566

    #1

    I just lost $7000 on my stocks - Advice needed

    This question is for anyone familiar with the stock market.
    Should i hold or just cash out... im left with $14,192 on that particular investment.
    .
  • borked
    Totally Borked
    • Feb 2005
    • 6284

    #2
    depends what the stock is in tbh.... imposs to say without looking further into the investment

    For coding work - hit me up on andy // borkedcoder // com
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    All models are wrong, but some are useful. George E.P. Box. p202

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    • PornNewz
      Confirmed User
      • Jul 2008
      • 851

      #3
      Originally posted by fujiko
      This question is for anyone familiar with the stock market.
      Should i hold or just cash out... im left with $14,192 on that particular investment.
      answer is simple, if you don't sell, you have lost nothing. Market will come back.
      Pornnewz.com

      PR Round up, No one is safe!

      Comment

      • diesel
        Confirmed User
        • Jan 2001
        • 1097

        #4
        The standard advice would be to keep it in stocks if you wont need that money for next 2-3 years or get out but wait till the next short term rebound...

        Comment

        • Sly
          Let's do some business!
          • Sep 2004
          • 31377

          #5
          If you don't need the money and you had no intention of cashing out prior, why would you cash out now unless it was absolutely a sinking ship? I would just ride the storm...
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          • xenigo
            Confirmed User
            • Jan 2001
            • 8067

            #6
            If you want to know what Warren Buffett would do, it would be something along these lines:

            "If you thought the stock was a good deal then, and it goes down... it's a great deal now. Buy more."

            Comment

            • Dollarmansteve
              Confirmed User
              • May 2005
              • 2849

              #7
              Whats your timeline? Do you have a pressing need for cash?

              If your timeline is greater than 3 years and have no pressing need for cash, I suggest you don't even look at the stock price for the next 3+ years. Pull a rip van winkle.. when you check back in 20 years, you'll be just fine.
              I died.

              Comment

              • baddog
                So Fucking Banned
                • Apr 2001
                • 107089

                #8
                If your stock is in buggy whips, go ahead and sell. Otherwise, wait it out.

                Comment

                • fujiko
                  Confirmed User
                  • Jan 2008
                  • 566

                  #9
                  thanks for the advice.. i was actually about to use $6000 of it to expand my business.. But now that looks impossible, since its best to wait like most you guys have suggested.
                  Thanks a lot.. I really appreciate the help.
                  .

                  Comment

                  • pornjudge
                    So Fucking Banned
                    • Jun 2002
                    • 2214

                    #10
                    My advice:

                    Comment

                    • woj
                      <&(©¿©)&>
                      • Jul 2002
                      • 47882

                      #11
                      Originally posted by xenigo
                      If you want to know what Warren Buffett would do, it would be something along these lines:

                      "If you thought the stock was a good deal then, and it goes down... it's a great deal now. Buy more."

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                      • ok_ok_ok
                        Confirmed User
                        • Oct 2003
                        • 135

                        #12
                        Market Minute: October 6, 2008: Major low is near - Donald W. Dony, FCSI, MFTA

                        As the 2008-2010 bear market continues to unfold, models are indicating the next major market low has almost arrived. Technical evidence suggests that the next important trough for global markets is expected by mid-October. Though bear markets are constructed of a series of lower lows, they are also punctuated with strong short-term advance. Past bear markets have displayed upward movements of 15%-20%.

                        Bottom line; Expect a low to develop within 1-2 weeks followed by increased upward pressure into November. Longer-term models still support lower numbers over the next 12-18 months.

                        Investment approach: During bear markets and business cycle contractions, central banks normally lower interest rates to help stimulate economic recovery. Lower rates means higher bond prices. The next 12-18 months should offer an excellent opportunity to profit from higher bond prices.



                        Comment

                        • SteveLightspeed
                          Confirmed User
                          • Jul 2001
                          • 7940

                          #13
                          Be glad it wasn't 2 million.
                          Abra-cadabra!

                          Comment

                          • farkedup
                            Confirmed User
                            • Nov 2007
                            • 2490

                            #14
                            Originally posted by PornNewz
                            answer is simple, if you don't sell, you have lost nothing. Market will come back.
                            HORRIBLE advice, I lost $30k a couple years back but would have lost only $10k if it weren't for STUPID advice like that.

                            Fact is if you're bitching about losing $7k just pull out and STAY OUT! The market currently is russian roulette these days. I don't see any reason to put money in ANY stock at the moment to "invest" the only way to make anything right now is swing trading. "investors" have no place right now.
                            -- QUOTE ME IT MAKES ME FEEL SPECIAL --

                            Comment

                            • fujiko
                              Confirmed User
                              • Jan 2008
                              • 566

                              #15
                              damn.. now im really confused...
                              Actually, im not bitching about it cos it was supposed to be longterm investment.
                              What happened was that, i wanted to withdraw some of it to fund another business.
                              But i cant do that anymore since the loss.. Now, i would have to use money from other sources.
                              But now, im not sure if i should just withdraw the remaining and use it for my biz or use leave it alone and grab cash from another source.
                              Last edited by fujiko; 10-08-2008, 09:51 AM.
                              .

                              Comment

                              • webgurl
                                Confirmed User
                                • Aug 2002
                                • 7954

                                #16
                                mine and business is down over 100k dont feel sad ...

                                Comment

                                • J. Falcon
                                  www.AdultCopywriters.com
                                  • May 2006
                                  • 31645

                                  #17
                                  It's a good thing you can always count on the general expertise of GFY for such important matters.
                                  Adult Copywriters



                                  SEO Content for Porn Sites
                                  sales at adultcopywriters dot com

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                                  • borked
                                    Totally Borked
                                    • Feb 2005
                                    • 6284

                                    #18
                                    Originally posted by fujiko
                                    thanks for the advice.. i was actually about to use $6000 of it to expand my business.. But now that looks impossible, since its best to wait like most you guys have suggested.
                                    Thanks a lot.. I really appreciate the help.
                                    It really does depend on what the stock is in imo.

                                    If it's in the financial sector or in companies with very high debt to earnings irrespective of their growth or rentability, then the company is going to take a lot lot longer to bounce back and I'd say sell and buy into something that will rebound a bit quicker.

                                    All sectors are hitting or shortly hitting 4yr lows, just some will bounce back quicker than others. Have a look at Christian Dior when it hits around 30 euro (25&#37; less than todays values, whatever that be on your country's exchange) or similar in the domestic products sector, or even telecommunications sector as these will bounce back, irrespective of world recession. I'd cut out and put in these, cos you'll get your money back in less time.

                                    Depending of course which sector you are currently in.
                                    Last edited by borked; 10-08-2008, 10:00 AM.

                                    For coding work - hit me up on andy // borkedcoder // com
                                    (consider figuring out the email as test #1)



                                    All models are wrong, but some are useful. George E.P. Box. p202

                                    Comment

                                    • fujiko
                                      Confirmed User
                                      • Jan 2008
                                      • 566

                                      #19
                                      Originally posted by webgurl
                                      mine and business is down over 100k dont feel sad ...
                                      Sorry to hear that
                                      .

                                      Comment

                                      • Intrinsic
                                        Confirmed User
                                        • Jun 2008
                                        • 1589

                                        #20
                                        first thing to do is use gfy analysts and experts

                                        Comment

                                        • Forest
                                          Confirmed User
                                          • Aug 2001
                                          • 9135

                                          #21
                                          the smartest thing you could have done is come to gfy for stock advise

                                          Comment

                                          • notime
                                            Confirmed User
                                            • Jun 2003
                                            • 8027

                                            #22
                                            get rid of stocks!
                                            buy adult content (20&#37;)
                                            and use 80% on marketing/traffic

                                            Comment

                                            • KillerK
                                              Confirmed User
                                              • May 2008
                                              • 3406

                                              #23
                                              Originally posted by notime
                                              get rid of stocks!
                                              buy adult content (20%)
                                              and use 80% on marketing/traffic
                                              Wow great advice to lose even more money.

                                              With the way tube sites are going content is going to be worthless in the next 12-24 months.

                                              Comment

                                              • notime
                                                Confirmed User
                                                • Jun 2003
                                                • 8027

                                                #24
                                                Originally posted by KillerK
                                                Wow great advice to lose even more money.

                                                With the way tube sites are going content is going to be worthless in the next 12-24 months.
                                                Content is never worthless. Believe me.
                                                No content=no adult bizz
                                                If plan A fails , try plan B, etc.

                                                Comment

                                                • fujiko
                                                  Confirmed User
                                                  • Jan 2008
                                                  • 566

                                                  #25
                                                  Originally posted by Forest
                                                  the smartest thing you could have done is come to gfy for stock advise

                                                  well.. gfy isnt the only place that ive looked for advice..
                                                  I just wanted to get as much help as i could.
                                                  .

                                                  Comment

                                                  • tiger
                                                    Confirmed User
                                                    • Apr 2002
                                                    • 6986

                                                    #26
                                                    Originally posted by farkedup
                                                    HORRIBLE advice, I lost $30k a couple years back but would have lost only $10k if it weren't for STUPID advice like that.

                                                    Fact is if you're bitching about losing $7k just pull out and STAY OUT! The market currently is russian roulette these days. I don't see any reason to put money in ANY stock at the moment to "invest" the only way to make anything right now is swing trading. "investors" have no place right now.

                                                    Comment

                                                    • stevo
                                                      Confirmed User
                                                      • Aug 2002
                                                      • 2051

                                                      #27
                                                      What stocks are you in?

                                                      I'll check the charts for you and see if i can find any likely price points...

                                                      Comment

                                                      • marketsmart
                                                        HOMICIDAL TROLL KILLER
                                                        • Dec 2004
                                                        • 20419

                                                        #28
                                                        it all depends on the stock and the segment.. a lot of segments are going to go into the shitter...

                                                        look at how many people thought fannie mae was safe investment...

                                                        you have 14k today.. thats the only thing here thats certain...

                                                        Comment

                                                        • DaddyHalbucks
                                                          A freakin' legend!
                                                          • Feb 2004
                                                          • 18975

                                                          #29
                                                          Warren Buffett says to hold for 10+ years. He would tell you not to worry about drops in the market. If anything, a drop in the market might be a good time to buy.
                                                          Boner Money

                                                          Comment

                                                          • Naughty
                                                            Confirmed User
                                                            • Jul 2001
                                                            • 6487

                                                            #30
                                                            I wish I lost 7k$
                                                            seks.ai for sale - ping me

                                                            Comment

                                                            • Naughty
                                                              Confirmed User
                                                              • Jul 2001
                                                              • 6487

                                                              #31
                                                              Originally posted by notime
                                                              Content is never worthless. Believe me.
                                                              No content=no adult bizz
                                                              If plan A fails , try plan B, etc.
                                                              That is what content producers have to say to keep selling content ;)
                                                              seks.ai for sale - ping me

                                                              Comment

                                                              • CyberHustler
                                                                Masterbaiter
                                                                • Feb 2006
                                                                • 28750

                                                                #32
                                                                Commit suicide?
                                                                “If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”

                                                                Comment

                                                                • borked
                                                                  Totally Borked
                                                                  • Feb 2005
                                                                  • 6284

                                                                  #33
                                                                  Originally posted by notime
                                                                  Content is never worthless. Believe me.
                                                                  No content=no adult bizz
                                                                  If plan A fails , try plan B, etc.
                                                                  orly? How is adultvest doing particularly after it took over iporn?

                                                                  For coding work - hit me up on andy // borkedcoder // com
                                                                  (consider figuring out the email as test #1)



                                                                  All models are wrong, but some are useful. George E.P. Box. p202

                                                                  Comment

                                                                  • qwe
                                                                    Confirmed User
                                                                    • Jul 2003
                                                                    • 2109

                                                                    #34
                                                                    if it's a financial company i'd sell... look into buying oil stocks right now, going into winter they're going to pop

                                                                    Comment

                                                                    • brassmonkey
                                                                      Pay It Forward
                                                                      • Sep 2005
                                                                      • 77397

                                                                      #35
                                                                      damn get professional advice at gfy lol
                                                                      TRUMP 2026 KEKAW!!! - The Laken Riley Act Is Law!
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                                                                      • CaptainHowdy
                                                                        Too lazy to set a custom title
                                                                        • Dec 2004
                                                                        • 94744

                                                                        #36
                                                                        Don't look at me, I'm lost in the stockmarket ...

                                                                        Comment

                                                                        • WebairChris
                                                                          Confirmed User
                                                                          • Feb 2008
                                                                          • 245

                                                                          #37
                                                                          ride the wave...you have no other choice at this point. The market will turn around (who knows when???) but its a cycle. Best of luck to you
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                                                                          • Libertine
                                                                            sex dwarf
                                                                            • May 2002
                                                                            • 17860

                                                                            #38
                                                                            Originally posted by fujiko
                                                                            This question is for anyone familiar with the stock market.
                                                                            Should i hold or just cash out... im left with $14,192 on that particular investment.
                                                                            You're talking about a "particular investment". Without knowing what it is, nobody can give you any decent advice.

                                                                            Several scenarios:
                                                                            - you invested in an index fund, or a broad basket. If this is the case, in a few years (5-10) your investments are likely to have gone up again. There is a risk to this, but historically speaking, it's a small one.
                                                                            - you invested in an index fund, or a broad basket, and don't want to wait 5+ years before seeing your money again. Take it out now to minimize risk, or keep it in for a bit longer if you think a big upward surge is likely. Each is risky.
                                                                            - you invested in specific stocks, and you're Warren Buffet. You probably based your investments on extensive research, so in the long run, values should go up again.
                                                                            - you invested in specific stocks, and had very little idea about what you were doing. You're fucked. Taking it out now means you get to swallow large losses, keeping it in means you run a very real risk of losing it all. Seriously, what the fuck were you thinking?
                                                                            /(bb|[^b]{2})/

                                                                            Comment

                                                                            • Socks
                                                                              Confirmed User
                                                                              • May 2002
                                                                              • 8475

                                                                              #39
                                                                              The only good advice is: If you think the stocks will go down further, why would you want to lose more money? Unless you're willing to ride it out.

                                                                              Even if you think the company will survive, but have another hard year, you can take out your money, and re-invest in the same company when it's bottomed out and starting to go back up again, effectively increasing your stake.

                                                                              Comment

                                                                              • FlowerKid
                                                                                Confirmed User
                                                                                • Sep 2005
                                                                                • 1045

                                                                                #40
                                                                                the smartest thing you could have done is come to gfy for stock advise
                                                                                I second this.
                                                                                To earn money on stock exchange, do exactly the opposite of what all others do. But don't tell it to everyone else.
                                                                                Maybe this would be smart in our porn business too, i don't know because i'm only a stock expert.

                                                                                Comment

                                                                                • RP Fade
                                                                                  Confirmed User
                                                                                  • Sep 2003
                                                                                  • 3343

                                                                                  #41
                                                                                  My IRA is down 20&#37; and Im still contributing to it and dollar-cost-averaging my positions and picking up some undervalued and battered stocks.

                                                                                  My friend also sent me this interesting excerpt he heard on CNBC:

                                                                                  75% (give or take) of investors buy stocks heavily when the market is sound and the stocks are almost full prices. They have a false sense of security thinking the market is solid and it can only go up. So 75% of the traders will wait and buy at the high cause they think it's safe....which is why losses are so huge in times like this.

                                                                                  Whereas, those same 75% won't buy stocks when they actually should...when the market crashes or stocks are so devalued...cause everyone is so scared to invest.
                                                                                  Last edited by RP Fade; 10-08-2008, 01:26 PM.
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                                                                                  • fusionx
                                                                                    Confirmed User
                                                                                    • Nov 2003
                                                                                    • 4618

                                                                                    #42
                                                                                    I told everyone years ago

                                                                                    Buy pork bellies.

                                                                                    Bet you wish you had listened now, huh!

                                                                                    Comment

                                                                                    • tranza
                                                                                      ICQ: 197-556-237
                                                                                      • Jun 2003
                                                                                      • 57559

                                                                                      #43
                                                                                      I lost $29k on my investments already.

                                                                                      But since I don't need it right now, I'll wait until it bounces back.

                                                                                      I'm just a newbie.

                                                                                      Comment

                                                                                      • fujiko
                                                                                        Confirmed User
                                                                                        • Jan 2008
                                                                                        • 566

                                                                                        #44
                                                                                        Originally posted by fusionx
                                                                                        I told everyone years ago

                                                                                        Buy pork bellies.

                                                                                        Bet you wish you had listened now, huh!
                                                                                        You are fucking kidding me .. lol
                                                                                        .

                                                                                        Comment

                                                                                        • fujiko
                                                                                          Confirmed User
                                                                                          • Jan 2008
                                                                                          • 566

                                                                                          #45
                                                                                          Actually, ive giving up on this investment .. fuck it.
                                                                                          I checked closing today and its really down.. from my calculations im left with probly $9k OR 10k.. ha
                                                                                          Its not my life savings, so im not depressed.. But just wish i didnt have to lose out.
                                                                                          I honestly havent lost anything.. cos i started with about 9,5K something last year.
                                                                                          And its not finance
                                                                                          Last edited by fujiko; 10-08-2008, 02:24 PM.
                                                                                          .

                                                                                          Comment

                                                                                          • webgurl
                                                                                            Confirmed User
                                                                                            • Aug 2002
                                                                                            • 7954

                                                                                            #46
                                                                                            i wish i lost 7k , try another 93k ontop of that
                                                                                            now there is something to be sad about ....

                                                                                            Comment

                                                                                            • Wang Dong

                                                                                              #47
                                                                                              nobody know what happen future

                                                                                              Comment

                                                                                              • salaxzar
                                                                                                Confirmed User
                                                                                                • Feb 2008
                                                                                                • 573

                                                                                                #48
                                                                                                reading this thread frightens me..So many of you have lost so much $$$$..sad...

                                                                                                Comment

                                                                                                • shark laser
                                                                                                  Confirmed User
                                                                                                  • Jan 2004
                                                                                                  • 205

                                                                                                  #49
                                                                                                  yeah GFY might no be the best place to ask advices on that
                                                                                                  contact (at) dancingonthehighway (dot) com

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                                                                                                  • nosey
                                                                                                    Talk Hard
                                                                                                    • Feb 2003
                                                                                                    • 14413

                                                                                                    #50
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