Hello folks,
So let's talk stock market. As an uneducated investor (only the best kind there is), I'm feeling pretty helter skelter about this debacle. 5 months ago, I invested the only large sum of money I have ever been able to call my own. Today, it is halved. I don't want to look at my portfolio because I am a "long term investor" but frankly, I am scared of bottoming out. It's like if I have enough to last through this tough time, I know it'll grow again so that's why I want to stay in, but I just don't know if my money will last through it.
Different forecasters are positive about the correction of the problem, but they also predict that this isn't the lowest the market will go. In fact they are calling for an ultimate low of -30% by 2010. Awesome, just in time for me to be an adult.
And on the flip side, what if I decide to grow a set and actually look into buying more stocks now while the market is low?
Basically, this is a decision that has no "sure thing" answer. Please add your two cents (or 15 grand if you're feeling up to it...) to my poll that I made.
Awaywhere – “New Misty Morning”
1 hour ago