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Tumbling stock market
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Cowboy Joe    Posted 09-08-2001 at 09:27:52       [Reply]  [No Email]
I've noticed my mutual funds balances have really shrunk in this latest Wall St. debacle. I'll stick it out, though. Anyone else bailing out? Or is this a good time to enter the market by buying stocks or funds at bargain basement prices? Anyone else have greenbacks in the Market?

Ole Cuss    Posted 09-09-2001 at 13:24:18       [Reply]  [No Email]

No-load mutual funds in diversified sectors have performed well for me, and that's where I have my IRA parked. I look to stay put as-is. CD and money market rates are the pits around here, not worth bothering. I don't know when I might retire, since one good horse kick to the head can decide the issue unexpectedly and turn my nest egg quickly into my beneficiary's dream!

Dreamweaver    Posted 09-09-2001 at 08:28:42       [Reply]  [No Email]
CJ - My job provides a 403B and matches our investment 50 cents on the dollar. I have my spread into may things, stocks being one small part. My largest returns right now are from my international funds which have skyrocketed. I'm holding my feet firm for now. I have a buddy who does market analyses on a software program he developed, and he predicts daily trends and gives me the low-down. I don't day trade by nature, but I have been know to turn 100 bucks into 1000 in 24 hours. Just gotta trust your advisors.

Cowboy Joe    Posted 09-09-2001 at 09:08:58       [Reply]  [No Email]
DW - Sage financial pundits don't recommend having more than 4% of your investment money in any individual stock (including your own company). That way you can spread the risk among many markets sectors.

Dreamweaver    Posted 09-09-2001 at 09:24:13       [Reply]  [No Email]
Joe - thanks for the website - question - the hospital I work for uses The Copeland Group as their investment corporation. They offer seminars on investment counseling, and I am wondering if they are bias or it I should take them to heart. Aside from reading Suzie Ormon's books, I'm not very savy about investing. Where is the best place to learn.

Cowboy Joe    Posted 09-09-2001 at 09:50:59       [Reply]  [No Email]
DW - Go to the Morningstar link and click on funds. There are countless tutorials on investing in Morningstar - an objective investing site. That's the place to do your investment research. Hope this helps. Let me know how you make out.

TomH    Posted 09-09-2001 at 07:24:57       [Reply]  [No Email]
A few years ago the industry wags noticed that the market dropped every October. So investors started bailing out in late September and the market drop occurred earlier. Looks like it's gotten to late August this year.

An interesting note: when Jack Welch retired from GE last week the article noted that if you had invested $35000.00 in GE stock when he took over 20 years ago you would be a millionaire now. Buy and hold blue chips seems like a good policy to me.

geo in MI    Posted 09-08-2001 at 19:54:09       [Reply]  [Send Email]
Probably next will be the commodities market--pork bellies will get so low they drag the ground..........

Steve L    Posted 09-08-2001 at 18:52:51       [Reply]  [Send Email]
Yes, Cowboy, I am in the market, holding on tight! Seriously, I think things will level out and eventually improve lots. I still buy regularly, but small bits only, and I WON'T SELL AT A LOSS. Fortunately for me, I still have at least 8 more years to work.
How about you?

Cowboy Joe    Posted 09-08-2001 at 22:07:17       [Reply]  [Send Email]
Steve L - Good post. If all turns out well and I don't get a bad case of burn out as a psychotherapist, I plan to retire in about ten years or so. Right now I'm dollar cost averaging into a tech fund (as its NAV tumbles)and a mid cap growth fund. Next, I'll put some more bread into my small cap value fund.

Hacksaw    Posted 09-08-2001 at 11:16:51       [Reply]  [No Email]

I have my IRA in a growth mutual fund and have shares in four other mutual funds (one each of growth, equity income, mixed stock, and a mortgage securities fund). Also hold some regular stock shares in a utility company. Been a small-potatoes market investor for over 20 years; I'm a very conservative investor, take my time picking my investments, and don't fiddle-diddle with them frequently. I am holding tight and dumping nothing although everything's taken some degree of a hit since the market started shaking out last October. I recall two similar but smaller shake-outs in the 90's, also very scary, and things bounced back in time. I'll just tighten my sphincter and ride it out.

Cowboy Joe    Posted 09-08-2001 at 17:44:38       [Reply]  [No Email]
Hacksaw - good post. Congrats. I see you're a BUY & HOLD investor, not like these day traders who lost everything buying on Margin.

F14    Posted 09-08-2001 at 10:33:17       [Reply]  [No Email]
I bailed about 4 months ago. Pulled everything out of mutuals, and put it in Goverment money market funds. I'm still losing a little money, but not hemmoraging like it was. I lost ALL my gains, and nearly 10% of my initial investment.

I wanted to bail out completely and put my money in a nice safe CD, but my advisor said I'd lose my a$$ on penalties, and I was better off to leave it where it was and hope the market recovers.

I've got to figure out what I'm going to do when my next IRA contribution comes due. I'm too chicken to put any more in the market.

Cowboy Joe    Posted 09-08-2001 at 18:04:14       [Reply]  [No Email]
Interesting post. If you've got a good mix of large, mid-cap, small-cap, foreign, bond index funds, that's what is called asset allocation. That way you don't have to bet everything in one industry or segment of the market. You've spread your risk among different asset classes. For large cap investing I recommend a S&P 500 index fund (minimal taxes and turnover and low expenses), actively managed mid-cap, small-cap and foreign funds, and a low expense bond fund. Check out for objective analysis of individual stocks and mutual funds. This is the way I would go in a TAXABLE account. In an IRA or other tax-deferred account (no tax penalties), I would be more aggressive. Since the Federal Reserve lowered interest rates, the interest in mutual money market funds has tumbled, down to 3.35% interest, from over 6% last year. A safe alternative to a money market fund for extra cash would be an Ultra-Short or Short term bond fund (Vanguard for example). They're safe funds and pay out from five to seven per cent interest as compared with current money market rates. As you can tell, I have invested in the stock market (mutual funds), and despite the pull back, I have a balanced asset allocation and have done some careful research, mostly via Morningstar. I'de love to hear from other interested investors.

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