posted on Jul, 2 2009 @ 02:43 AM
Originally posted by Dbriefed
So despite my negativity, rattan1 was right. It was the time to make money.
Investments aren't always long term investments (you have to realize your gains by selling), and the DOW went from 6,930 on 3/11/09 on the original
post to 8,799 close on Friday, a 26% climb. Had we put our 401Ks back into the market, we'd have half our losses back.
Even if this was a smoke and mirrors climb, without healthy economic fundamentals, the markets did rise.
It's easy to make astounding financial decisions in hind-sight...
The Global Melt Down is not over, it's far from over.
However, in trading you can make money in a bear or a bull market.
So, we have people saying things like you your self have said.. there is money to be made. 20-30-40% increases on the index's... So what are people
They took money from 401ks, Variable Annuities, Mutual Funds, etc, etc.. at 10's of billions every month (99billion in Jan alone) .. The market hits
its low in March.
Then, in May the ratio to withdraw/deposit into these funds turns green... in June it accelerated ..
Now we are due for another major down turn. So what are we doing?
Selling low and Buying high.
Now the investors puting all they got back into the market, into these funds are set up to get royally screwed in the next few months, they will loose
a huge portion of their investment. Again.
Like I said, financial decisions are best made in hindsight.. but when your watching people making money and you find your self wanting.. it's best
to suck it up and take the loss than risk it all and loose it.. which is what thousands of Americans are about to learn the hard way.