Comments on: Don’t Worry About The Falling Markets

By: Weekly Roundup: Syncroblog Edition at Clever Dude Personal Finance & Money

Weekly Roundup: Syncroblog Edition at Clever Dude Personal Finance & Money — Mon, 06 Oct 2008 11:47:59 +0000

[...] – Quest for Four Pillars tells us don’t worry about the falling markets. [...]

By: Canadian Money

Canadian Money — Mon, 06 Oct 2008 05:08:16 +0000

Correction…SP500 is only down by 29 % at this time.

By: Canadian Money

Canadian Money — Mon, 06 Oct 2008 00:50:54 +0000

For what it is worth, I took a close look at the SP500 Index today (currently down ~40%). It looks to me like it has more downside before the bottom is reached.

An easy way to buy a little Bear Market insurance is purchase HXD.TO shares. If the market continues downward they will go up in price to offset long positions that are going down. This ETF is trading near $27 per share today.

The ETF that “shorts” the SP500 index is called SH. It is tradomg at near $70 per share.

By: Mr. Cheap

Mr. Cheap — Mon, 06 Oct 2008 00:22:30 +0000

Simple Life: “like at least 2 years”? Do you really consider 2 years long term? My understanding is that the generally accepted view of long term stock investing is 10+ years.

By: Simple Life

Simple Life — Sun, 05 Oct 2008 04:53:24 +0000

It is true, there is nothing to worry about when your investment goal is long term like at least 2 years.

I too been buying on the way down. I started to buying when the SP500 lost 20%, although it is down 29%. However, i keep telling myself: sp500 will recover and back to the peak. That’s for sure.

Live long and be prosperous; be patience.

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 04 Oct 2008 12:11:27 +0000

[...] Pillars explains why you should not worry about the market. After all, your biggest asset is your career. Right [...]

By: Nizam

Nizam — Thu, 02 Oct 2008 18:43:22 +0000

I wish I could be in North America now.Since early 2007 I started to sell my equities and bought mutual funds instead.Earlier rejections on the 700 Bill USD was just an excuse i.e. to boost Bush’s image.Markets in East Asia have learned the spiral as early as 1998.Asians did just the same in 1998.

By: Al

Al — Wed, 01 Oct 2008 19:25:43 +0000

Just for a bit of contrast, I sold some investments. I anticipated the spike in the market after the bailout was announced (and sold then) followed by the drop soon afterwards. I plan on buying the same stocks back sometime in November. There’s too much mythology around the month of October for the next 30 days to go well.

Mr. Cheap,

The central banks may be pumping out cash, but all they’re doing is replacing part of the banks write downs. I call deflation.

By: Mr. Cheap

Mr. Cheap — Wed, 01 Oct 2008 18:57:17 +0000

Mike: Moving to cash doesn’t make any sense to me either. There’s a sale on right now.

By: Four Pillars

Four Pillars — Wed, 01 Oct 2008 17:12:38 +0000

Nobleea – given the media’s tendency to induce panic at every opportunity – I think it is worthwhile for bloggers to send out the “stay calm” message. There were a couple of commenters on yesterday’s post who said they were going to move part of their monthly contributions into cash – this makes no sense to me at all.

Gates – I really don’t think most people are going to work to 75. Between social programs/pensions and the ability to cut back (everyone has it), not many people will work past 65.

You’re right about the career development though – good for you for making positive moves in that direction.