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Old 07-29-2011, 10:53 AM   #1
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Default Pulling money out of the market?

Are you pulling your investments out of the stock market before August 2nd? I was discussing this with someone earlier, and she said their money manager recommended getting out as much as they could and putting it in a special bank account until some kind of decision has been reached and the downgrade happens.
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Old 07-29-2011, 01:13 PM   #2
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I am not pulling anything out. If everyone goes and does that then we are going to further harm the stock market and the economy. I am going to stick where I am and hope for the best.
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Old 07-31-2011, 03:50 PM   #3
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Pulled mine out months ago. That may be true Rhonda, but I didn't work hard to help anyone else make money. If they aren't smart enough to pull it they will deserve exactly what they get...the potential to lose every dime.
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Old 08-04-2011, 05:40 PM   #4
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You guys realize what happens if everyone pulls their money out right? There will be a stock market crash which could cause another depression... if we aren't already in one.
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Old 08-09-2011, 08:40 AM   #5
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I am seriously thinking about stopping my 401K plan at work. Of course just for the time being. I hate looking at my statement (online) each week. I see my money going away.
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Old 08-11-2011, 10:15 PM   #6
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They say the rich buy when everyone is selling. I wish I was rich and could buy now. I bought Ford when everyone said it was stupid. I've still made a profit at the last look at Ford.

If I sold some of the stocks now, I lost money that I cannot get back. If I keep the stocks I have a chance to get my money back. So if they are a company like ford, or coke, why should I sell?
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