DVM gone riding
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Joined: Dec 20, 2010 23:04:13 GMT -5
Posts: 3,383
Favorite Drink: Coffee!!
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Post by DVM gone riding on Apr 20, 2011 21:25:10 GMT -5
So there are several articles saying stocks ended way high today. So I had to check, yup definitely Up for me!!! Anyone else have to look to see where they where at?? I wonder if I should sell some now to lock in the increase and what till they go down again hmm.
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Deleted
Joined: May 5, 2024 16:08:20 GMT -5
Posts: 0
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Post by Deleted on Apr 20, 2011 21:28:16 GMT -5
Yep up for us too and no not selling anytime soon.
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Peace Of Mind
Senior Associate
[font color="#8f2520"]~ Drinks Well With Others ~[/font]
Joined: Dec 17, 2010 16:53:02 GMT -5
Posts: 15,554
Location: Paradise
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Post by Peace Of Mind on Apr 20, 2011 22:07:52 GMT -5
Yep, up for us too! Yay!! We're getting rich again!
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2kids10horses
Senior Member
Joined: Dec 20, 2010 20:15:09 GMT -5
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Post by 2kids10horses on Apr 20, 2011 22:14:45 GMT -5
dvm07,
You are considering "Market Timing". Unless you have a proven, backtested strategy, you are setting yourself up for disappointments. One day means nothing.
Today might be the beginning of a new bull run. Or, it might be the last gasp of the past bull run. Who knows?
If, on the other hand, you were following a strategy that detects trends and when they change, and said strategy gives you buy and sell signals that have been sufficiently successful in the past that you feel you can acheive a satisfactory return using said strategy, then by all means, follow your strategy.
But, a gut call on the action of one day? No way.
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Post by Savoir Faire-Demogague in NJ on Apr 21, 2011 5:43:18 GMT -5
I wonder if I should sell some now to lock in the increase and what till they go down again hmm.
Are you following any sort of investment strategy, such as an asset allocation plan, and your allocations are out of balance, then go ahead and sell some position and re-balance.
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qofcc
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Joined: Dec 20, 2010 13:30:58 GMT -5
Posts: 1,869
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Post by qofcc on Apr 21, 2011 7:35:13 GMT -5
Speaking of market timing by using trends, has anyone ever had success following the trends on this website: www.forecasts.org/ ? I've read about them in several different places. They're currently predicting that the market is peaking this month, then heading back down (but they've been saying that the last 2 months).
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Post by Savoir Faire-Demogague in NJ on Apr 21, 2011 7:41:14 GMT -5
Qofcc, Those charts suggest big buy in opportunities in many sectors in the next six months. It is also interesting that the treasury markets are forecast as rapidly rising...and the oil forecast is showing rapid declines in the price, and very low inflation, if any at all. I'd think the opposite would be predicted. I will just keep my nose to the grindstone, maintain my monthly contributions to my 401K, etc.
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Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
Posts: 30,626
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Post by Wisconsin Beth on Apr 21, 2011 8:23:13 GMT -5
I looked at my 457 this morning because I knew the market had a good day yesterday. And I'm gloating over my total for now and hoping the market doesn't crash. ;D
But I'm with SF, I'll just keep plugging along with my monthly contributions.
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Tiny
Senior Associate
Joined: Dec 29, 2010 21:22:34 GMT -5
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Post by Tiny on Apr 21, 2011 15:24:19 GMT -5
I've got some individual stocks (had 'em for a very long time) and I watch their value everyday (just for fun!) Their value jumped dramatically from January thru April (I'm rich! I'm rich! I'm Rich!), but the last 20 - 30 days it's "I'm up 1K " and the next day it's "oooo I'm down 1K " over and over and over. I keep gaining and loosing the same 1K. My 401(k), Roth, and other after tax investments are all up for the year... Like the others I'll keep plugging along with monthly contributions.
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