lose 40% of my saving, and I am out
- Thread starter liulala
- Start date
Maybe so, but this person is indicative of the average 401K investor. They want out. You think a close up today will bring them comfort? Not a chance! If anything today's wild swings are just further proof for them that this is nothing but gambling. Their attitude will be, if I want to gamble I'll go sit at a blackjack table. At least there they can get free drinks.
The money they're trying to put away for a rainy day, they'll put that away in a bank account. They won't make shit, but they won't lose shit either. In their minds they'll be ahead and sleep better. They're all pretty much resigned to dieing on the job anyway.
Just the sad facts!
Only buy-and-hold investors should be hurting right now. The only traders that deserve to be hurting through this mess are those with poor systems that should have never made it past papertrading, and those who failed to follow their own system rules. Any decent system would have told traders not to trade the past month.
I am sorry you got blown out.
This is the 7th consecutive down day, another first for the DOW.
I am sorry you got blown out.
This is the 7th consecutive down day, another first for the DOW.
Do you not realize that Bush and Co. are the ones who <b>caused</b> this mess? This crisis was manufactured by our government. I can't understand how people can't understand this? Everyone is looking to the government to do something. Why would the people who caused this mess want to do something?