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shatto 02-26-2013 11:39 AM

Keeping Your Money
 
If you own stock in any form;
directly as stock, in your Pension, Retirement account with your employer, IRA, KEOGH, Mutual Fund, Union fund or any other way...
You are at risk of losing some or all of your money. Again.

You can get the chart of the Dow-Jones Industrial Averages from: Yahoo Finance, Googling 'Dow-Jones and a number of other places.
Then draw a line from the bottom of the lowest points on the left, through the lowest points, upwards to the right.

This is a classic pattern showing an impending, soon to happen, eminent "break-out" and when this happens,
the Dow will go up or down. Perhaps rapidly.

So what?

If the market crashes again, and indicators (far more than a line on a chart) are that it might, the stock you own (see above) will rapidly lose value and you will rapidly lose money. Real money.

It is your money. Experts advise becoming 'liquid' which means sell the stock and keep the money until the market is again healthy.
That, or insure your portfolio. But whatever you do, don't do what many of us did before...nothing.

You might want to check with your own experts and verify this. Please do. I'd love to be wrong.

theholycow 02-27-2013 03:06 AM

Quote:

Originally Posted by shatto (Post 169389)
It is your money. Experts advise becoming 'liquid' which means sell the stock and keep the money until the market is again healthy.

Sounds like a self-fulfilling prophecy...not that I wouldn't take my money out, if I had any.

shatto 03-21-2013 12:07 PM

Us both.


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