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Glad to pay union dues
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<blockquote data-quote="bluehdmc" data-source="post: 607359" data-attributes="member: 18471"><p>There is a recession going on, most peoples pensions have gone down. I live in NJ and the pension for state workers has lost value. </p><p> </p><p>This is not the first recession and probably won't be the last. As I said before stocks go up and stocks go down, that's the nature of the stock market, some of which really has no bearing on the company represented by the stock, just market sentiments. </p><p> </p><p>It's not a "loss" in your portfolio unless you sell the stock, I bought a blue chip stock at @ $67 a share, (last fall), before the recession hit it was trading at @ $120, that's about where it is now. The person who sold the stock last fall lost money, the person who bought it gained, (only if they were to sell now), wish I had bought more. It has also paid a dividend since I've purchased it. </p><p> </p><p>When the market goes down it's a "buying" opportunity. If you have investments in the stock market and can weather the storm you're ok. If you're the poor guy who retired last fall and started drawing money out your hurting. </p><p> </p><p>It's the same with the real estate market and other investments. Some work in reverse of the stock market like precious metals. Gold was $800 an ounce a couple of years ago now it's $1000.</p></blockquote><p></p>
[QUOTE="bluehdmc, post: 607359, member: 18471"] There is a recession going on, most peoples pensions have gone down. I live in NJ and the pension for state workers has lost value. This is not the first recession and probably won't be the last. As I said before stocks go up and stocks go down, that's the nature of the stock market, some of which really has no bearing on the company represented by the stock, just market sentiments. It's not a "loss" in your portfolio unless you sell the stock, I bought a blue chip stock at @ $67 a share, (last fall), before the recession hit it was trading at @ $120, that's about where it is now. The person who sold the stock last fall lost money, the person who bought it gained, (only if they were to sell now), wish I had bought more. It has also paid a dividend since I've purchased it. When the market goes down it's a "buying" opportunity. If you have investments in the stock market and can weather the storm you're ok. If you're the poor guy who retired last fall and started drawing money out your hurting. It's the same with the real estate market and other investments. Some work in reverse of the stock market like precious metals. Gold was $800 an ounce a couple of years ago now it's $1000. [/QUOTE]
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