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Paging SwellJoe and others to this thread... http://news.ycombinator.com/item?id=327518 http://news.ycombinator.com/item?id=327518 Decide to take the hit on th
by kirse 18y ago
Paging SwellJoe and others to this thread...
http://news.ycombinator.com/item?id=327518 http://news.ycombinator.com/item?id=327518
Decide to take the hit on that Google stock yet?
Sucks for the DOW though, my portfolio is up 192% on a few Chinese investments over the past month. It was a bit of good timing though - one posted some amazing Q3 numbers which pushed it up 45% this past week.
Of course that's all on paper, but I pretty much shifted a lot of my portfolio out of US stocks (for the time being) into conservative securities but brought in some higher risk / more aggresive foreign investments. There's a time to sit and wait out the cycle, and there's a time when it's pretty obvious that the market is falling.
Right now it's pretty obvious and while I don't know where the market bottom is, there's no point in continuing to lose out on stocks when they can easily be repurchased at heavy discounts in the future.