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So much for gun control the stock market is tanking or "Where'd my money go?"



  • NomadacNomadac Senior Member Posts: 902 Senior Member
    snake284 wrote: »
    Stocks in general are not good for long time investment, in my humble and somewhat limited opinion. /QUOTE]

    I disagree with your statement. I have been in the Stock market for decades and have always found good stocks will increase in value and provide good dividends over a period of time. MY IRA is all stocks and as of Thursday increased in value from Dec. 31,2015 by 16.1% almost 6 months. On Friday after the DOW dropped 641 pts. it was down to 13.9% which is still a good increase in value. I expect it to return after the market settles down again. I have never panicked and sold during a falling market and waited till the market returned and recovered all of my paper losses. I do have a very good broker who does an excellent job on advising me. Several friends have sold in a falling market and lost a lot. The best thing to do if you don't need the money for some emergency is to wait it out and it will return.
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