Poll: The Dow plunges 733 points. What are you going to do with your stocks ?
Current Dow Jones Industrial Index Value: 8,577.91
Trade Time: 4:04PM / 15/110/2008
We already know that Jim Cramer suggested stock owners should get rid of stock if they need it desperately within the next 5 years. What do you plan to do ?
I voted to Hold, I’m young (35) so I can afford to keep my holdings for awhile. I know that I’ve lost about 40% of my worth, but ONLY if I sell now.. otherwise, it’s just unrealized loss, and if I ride this out, the the market will return upwards (like it always does) and then I’ll be sitting on unrealized gains, (which I will sell if I hit a certain percentage above.. more then the 10% average the markets do a year…
First I’m going to panic……
No, I’m holding strong, and bought in a bit more last Thursday and Friday. I think now is a great opportunity to buy good companies that got beat down with the rest of the market. As long as you can hold for the long run, the quality companies will weather the storm and come out strong.
I would prefer to hold for some more time and sure that it will rise.
I thinking holding it with some hope would be better.
@John
Warren Buffet just validated your feelings…
http://www.financialdominance.com/warren-buffent-sees-oppertunity-in-the-new-stock-market-bargains/
I think now is a great opportunity to buy good companies that got beat down with the rest of the market. As long as you can hold for the long run, the quality companies will weather the storm and come out strong.