Discussion in 'UPS Discussions' started by brown bomber, Jun 29, 2015.
Just wondering are you gonna dump your investments,..considering the latest stock market drop ??
Sure is dam scary.
Unless your retiring this week the market dip simply means your 401k contributions are buying shares at a lower price so your getting more for your money.
But if you lose 30% of 100k then make back 30% your still down 10k or so
I bought the VIX,....made a few bucks
took a few bucks off of the table,..it was all profit, gonna wait a week or so. I've got some cash ready to invest...I think that Greece, is the first to fall....after that Portugal, Spain , and Italy
Puerto Rico is in big trouble too. What were they spending on? 72 Billion in debt, half of that unfunded pension liabilities. They spent too much, and rather than cut back or raise taxes, they choose to borrow. Sounds like us today.
Too bad politicians here aren't even talking about debt. How long before we are Greece?
We are overdue for a correction in the market. This is why the market has crazy fluctuations now. You're average person wasn't in the stock market 30 years ago. Now every Tom dick and Harry owns stocks and freaks out at every little thing.
If you can't take the heat just buy a CD at your local bank.
It's more important to ban the Confederate flag and celebrate the rainbow flag.
NJ is heading down this path too. Total Democrat control for years, wild spending and borrowing for decades, and everyone blames the Governor for our pension mess that started 20 years ago. Nothing was said for the first 15 years of this mess.
We'd be talking about another recession. Give me a 50% drop. I'd love to buy at those levels again.
The market will take a hit because of Greece but it is better to have a correction now so the market can recover. Greece economy isn't that big but the world views it as much more important than it really should be. It would only get worse if Europe kept pouring down than endless money pit. Greece has the ultimate socialist mentality that the world is supposed to pay their bills and has made no effort to control their spending.
Illinois is a complete disaster. Pensions are just like SS they don't seem to work out too well.
Some of these euro countries are just insane. Spain's unemployment rate isn't that far under 50%
Why work when you have all your needs taken care of?
I just hope many people are looking at this seeing what happens 50 years down the road if we keep this up.
Most of southern Europe is in similar shape. Italy is also in trouble. They are supported by northern Europe economies.
Dollar cost average and diversify.
I had too much money anyway---
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