Comments on: The stock market hates you

By: Financial Management Partners » Blog Archive » Highlights From Larry Macdonald of Canadian Business

Fri, 17 Oct 2008 19:29:33 +0000

[...] it’s time to stop acting like a deer in the headlights. While one shouldn’t be checking their account everydayduring a bear market, they still need to review their portfolio to take steps to position it for the [...]

By: Canadian Business Blog » Blog Archive » Investors in the headlights

Canadian Business Blog » Blog Archive » Investors in the headlights — Thu, 16 Oct 2008 17:00:37 +0000

[...] it’s time to stop acting like a deer in the headlights. While one shouldn’t be checking their account everyday during a bear market, they still need to review their portfolio to take steps to position it for [...]

By: WKG

WKG — Fri, 10 Oct 2008 15:24:28 +0000

I’ve been vested in the stock markets for the better of fifteen years, and this is the worst downturn that I have been through. Not only is it a steep correction(or crash), it also happened quickly.
The only market that I have to compare this to is the nasdaq meltdown. During that period, my stock portfolio value did not change for three years, although I was adding thirty thousand a year to the account. The money seemed to vaporize as soon as I invested it.Long story short,I stuck with the markets, seen my portfolio triple by the end of 2007.
I would have to say that in all of this, what I feel most is anger. I am mad as hell that the greed, arrogance and stupidity of a few corporate entities in the world cancreate this kind of contagion in the world. And I think too that the media is being irresponsible as hell because every tenth word in the headlines these days is depression(as in economisc depression).
My strategy going forward is not to sell a damn thing. I would rather ride every company that I own down to zero than sell at this point.

By: Canadian Personal Finance Blog » Blog Archive » Random Thoughts: It’s The Economy Stupid! (edition)

Fri, 10 Oct 2008 06:13:13 +0000

[...] MacDonald points out that The Stock Market Hates You!, gee thanks Larry, way to cheer me up with the [...]

By: BB

BB — Fri, 10 Oct 2008 02:25:25 +0000

This advice from John Heinzl is a joke. Every broker/financial planner is a trained robot that spits out this useless rhetoric.

To all you investor’s, research on the web, read blogs, etc. I’ve done amazingly better. You’ll be way better off and soon realize you know way more than your beer swilling, cheezy golfing advisor.

By: Neil

Neil — Thu, 09 Oct 2008 21:27:15 +0000

This is my first downturn as an investor, and I’ve got to say – the worst times to watch your investments are the hardest times to ignore them. I can avoid looking at my account, but it’s pretty much impossible to read any news source without someone spouting about a new Depression.

It’s certainly too late for me to sell (down 60%), so there’s nothing to be done but wait for a rebound.

By: Jerry Hung

Jerry Hung — Thu, 09 Oct 2008 21:24:47 +0000

I like your advice Larry, and very true
My portfolio is down -30% and I try to not even look at it (there is simply no way to recover)

I do look for bargains to buy, except… you don’t know what is LOW anymore, consider every company is breaking 52-week lows etc.. GE/BAC/CSCO under $20