what's going on?
i lost money
is there a stock market crash i don't know about :confused::bawling:
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what's going on?
i lost money
is there a stock market crash i don't know about :confused::bawling:
Read all my posts, specially in the "Economic update" thread.. The stock market is linked to the general economy (which is not doing as people expect it to be doing)..
Protect your wealth, that's the most important investment thesis now.. It's all about protecting the purchasing power of your money.
You are not the only one......I highly doubt it is going to go any where but down for the next long while.
I am always trying to be safe because I have a grim outlook, so I have been looking for a GIC that will cover inflation for the next 3-5 years.
i lost like $10,000.00 already!!!
That is a lot. Review your investments quickly and decide where you want to go. I am not a big fan of Mutual Funds. I am a firm believer that the stock markets are just Casinos for the banks.
Investement & mutual funds are meant to be held long term. If it's just a question of looking at your investment and it's gone down by $10,000, and you haven't sold then, you haven't lost any money.
it's locked in, very long term...... another 20 years at least.Quote:
Originally Posted by blueeyetea
You can always move from one fund to another fund of the same fund family (this kind of transfers are allowed during lock-in periods).Quote:
Originally Posted by frugal50
i'm not locked in per say...... i have an investment account and i don't plan to touch the money for at least 20years or more.Quote:
Originally Posted by ashedfc
As mentioned above, unless you have sold your fund, you haven't lost any money.
That being said, if the market turbulence is making you lose sleep, you should talk to your advisor. Perhaps your risk level needs to be adjusted.
no i'm not losing any sleep over it....... nor did i sell my funds, my advisor is on holidays - will call to discuss my risk options.Quote:
Originally Posted by Carlotta
no i'm not losing any sleep over it....... nor did i sell my funds, my advisor is on holidays - will call to discuss my risk options.Quote:
Originally Posted by Carlotta
How does one protect the purchasing power of the money? Except buying Gold!Quote:
Originally Posted by ashedfc
Anything with stays above par with inflation will protect your purchasing power..Quote:
Originally Posted by aemi
Gold is the go to place, because its the only asset which has been since 5000yrs, & has survived all currency crisis, debt crisis, liquidity crisis in the past. Several currencies have come & gone, & Gold has been considered as money (thats why even central banks hoard Gold). Gold the most liquid, universal market, & has a same pricing across the globe.
Apart from Gold, there are several other asset class, but all have limited exposure, & counterparty risk.
i checked my funds just now, wheeeeeeeeeeeeewww .... it just went back up again!