Quote:
Originally Posted by WTF
Oh now you're just in money market accounts.
Yesterday it was "I'm buying stock@"
|
i hope you are being a bombastic boob, it's either that or you are clearly obtuse about the very subjects you claim to be an "expert" on. you know .. smarter than anyone else in this forum by your own proclamation.
let me help ya out here .. the dividends from my stocks that pay them (news flash not all stocks pay dividends, Apple for years did not) don't get reinvested into more stock, they go into a money market account. so after i get a dividend, the stock can tank the next day and while it has lost value the dividend remains untouched. butt a sophisticated guy like yous knew that, right?
my two main investment accounts are down about 40k. time to panic sell right? Nope. haven't even considered it. in fact i'm considering doubling down and pulling about 10-15k from savings and add it to the 21k waiting in my money market account to buy with.
so what do you advise grand wizard of all things? double down? scream "IT"S THE END!" and jump off the panic sell cliff? play russian roulette and hope for the best?
i bets yous fred the friendly would vote for "double down".