Comments on: Yesterday’s Market Drop in Perspective

By: Jeff Paul Internet Business

Jeff Paul Internet Business — Fri, 13 Mar 2009 04:08:29 +0000

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By: Personal Finance and Investing Blog » Blog Archive » Weekly Roundup, Fibonacci Edition

Sun, 11 Mar 2007 22:30:53 +0000

[...] 1. How to Improve Your Credit Score (Free Money Finance) 1. 1907 Salaries and Today (Blueprint for Financial Prosperity) 2. Time to Sell Your House and Rent? (Mighty Bargain Hunter) 3. Yesterday’s Market Drop in Perspective (All Financial Matters) 5. How to Profit From 0% Balance Transfer Credit Card Offers (Five Cent Nickel) 8. My Review of Intuit’s TurboTax (The Weary Consumer) 13. Goodbye Netflix, Hello Blockbuster (We’re in Debt) 21. Personal Finance and Families: How Much Detail Should The Kids Know? (The Simple Dollar) [...]

By: YeOleImposter @ DogberryPatch

YeOleImposter @ DogberryPatch — Sat, 10 Mar 2007 23:32:54 +0000

Jenn, it is true it is true they would only be paper losses until you cash them in — problem is one day you do have to cash them in. Owning a broad diversity of stocks helps, but I have friends who were buying everything Tech during that bubble. They were making a fortune (on paper) but when the bubble burst they lost real money. Companies they had invested thousands in no longer existed.

If you buy before the bubble it is not a problem if the bubble pops. If you buy at the top of the bubble — you may never see that stock recover.

By: » Weekly Roundup, Fibonacci Edition on Consumerism Commentary: A Personal Finance Blog

Sun, 04 Mar 2007 18:04:04 +0000

By: Jenn @ Frugal Upstate

Jenn @ Frugal Upstate — Fri, 02 Mar 2007 13:36:52 +0000

Uh, maybe I’m just too naive–but I’ve always looked at it like this: As long as I’m still holding on to my stocks/mutual funds etc, I haven’t actually lost or made any money until I’ve sold them. It’s all basically theoretical to me until that point. (sort of a financial schrodinger’s cat)

So, maybe I’m a total idiot. But I’m 34, I don’t need to retire for over 20 years, and thinking that way makes it so I don’t freak when things like this happen. Maybe naivete is working in my favor?

By: Tom

Tom — Thu, 01 Mar 2007 02:57:08 +0000

For what its worth, from Wikipedia:

“The largest one-day percentage drop in the history of the Dow occurred on December 12, 1914, 24.39%, after a multi-month NYSE hiatus brought on by World War I.”

http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average

Considering the circumstances though, it doesn’t really seem relevant. The index was probably well below 100 pts back then.

By: Jesse

Jesse — Thu, 01 Mar 2007 01:06:27 +0000

Wow. No wonder they called it Black Friday! That was massive!

By: The Digerati Life

The Digerati Life — Thu, 01 Mar 2007 00:40:04 +0000

Yep! I wrote something along these lines too . 3% drops aren’t too uncommon these last several years. And even then, I kept a level head.

By: YeOleImposter

YeOleImposter — Wed, 28 Feb 2007 23:13:53 +0000

Very good point. The percentage table is incredible. I remember the feeling in my gut on 10/19/87. I was home sick that day and was overly invested in stuff I should not have been.

Now I am smarter, and may not make a killing in 1 month but I can sleep at night. I am just hoping the market stays down until the 5th when I am scheduled to have some more money invested