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Old 01-22-2008, 05:39 PM
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Muncle Muncle is offline
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Default Re: Thoughts on the market sell off

Yes, as Margo Channing said, "Fasten your seatbelts, it's going to be a bumpy night." :yikes: I am super naive when it comes to the market. The only individual stocks I have are those I inherited. Everything else is mutual funds and CDs and groceries. But even as obtuse as I am, I know that two keys to riding out any recessionary period are diversification and patience. For market players, there are and will be opportunities to make money. But for those of us who live the buy and hold lifestyle, we just have to make sure we aren't heavy in a Lucent (hey, I watched mine drop from the $70's to about a buck) and that we don't panic. Assuming you are not buying on margin, nobody lost money in the market until they sold. Historically, those who manage to ride out the panic do pretty well --- unless they've got Enron.
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Life is like a sewer. What you get out of it depends upon what you put into it.
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And it's Munc"L"e, not Munc"I"e