I've decided to sink my life savings into the stock market tomorrow.

leftofthedial

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Wed Oct-15-08 06:03 PM
Original message

I've decided to sink my life savings into the stock market tomorrow.

Every penny I have saved over my (so far) 30-year working career.

Everything except the equity in my townhome.

Tomorrow morning first thing.

Stock market.

US stock market.

Wall Street. Golden parachutes, limousines (cue banjo).

Let's see, with what I lost so far this decade, my life savings totals, uh, carry the seven, multiply by nine . . . add six .... that'd be, hit "Sum" . . . nothing.

It's all going into the stock market in the morning.

With what's left, I plan to buy a new American-made automobile.

And Christmas presents.

Yup.

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Oregone

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Wed Oct-15-08 06:06 PM
Response to Original message

1. Really? I was going to wait until Friday, when the crisis was over.

Good Luck.

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leftofthedial

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Wed Oct-15-08 06:08 PM
Response to Reply #1

3. I've always been a risk taker.

Living on the edge.

Pushing the envelope.

Swimming against the tide of convention.

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islandmkl

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Wed Oct-15-08 06:07 PM
Response to Original message

2. not me...i'm buying those bonds, the ones that are GUARANTEED to be good forever...

Edited on Wed Oct-15-08 06:08 PM by islandmkl

hell, if they are good enough for foreign countries, they are good enough for me...

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leftofthedial

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Wed Oct-15-08 06:17 PM
Response to Reply #2

4. the free market GUARAN-damn-TEES it!

so you can sleep easy at night.

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safeinOhio

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Wed Oct-15-08 06:18 PM
Response to Original message

5. I say what the hell

A few days ago I bought some Ford Mo Co at $1.97. The market, historically goes up when the Dems are in. Ya gotta have HOPE.

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leftofthedial

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Wed Oct-15-08 07:17 PM
Response to Reply #5

6. Hope?

Hope is so 90's.

;-)

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Rage for Order

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Wed Oct-15-08 08:09 PM
Response to Original message

7. You're better off doing it over an extended period of time

Using the strategy of http://en.wikipedia.org/wiki/Dollar_cost_averaging">dollar cost averaging. But suit yourself :)

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leftofthedial

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Wed Oct-15-08 10:13 PM
Response to Reply #7

9. yeah! monthly sounds good. okay. zero divided by 12 is . . .

ummm . . .

zero.

I'll do it as an automatic withdrawal from checking. Or better yet, from savings!

thanks for the tip!

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gopbuster

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Wed Oct-15-08 10:01 PM
Response to Original message

8. Buy low tomorrow 8150 and then ride it back up to 9250 and dump n/t

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leftofthedial

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Wed Oct-15-08 10:14 PM
Response to Reply #8

10. ah.

Capitalism.

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