Members RupertB Posted November 21, 2007 Members Share Posted November 21, 2007 I have about 1/3rd of my savings in China Over 90% is in Hong Kong though, i don't want much to do with that crazy shanghai stuff.. i just don't want to wake up one day and see a -50% and a huge negative number on my account Please tell me you're not trading in Chinese securities on margin.:poke: Link to comment Share on other sites More sharing options...
Members RupertB Posted November 21, 2007 Members Share Posted November 21, 2007 BTW, if anyone is interested in the nuts & bolts of what is going wrong W/R to the credit crunch, credit ratings agencies, mortgage-backed securities, the Fed, etc. 9pages:http://nakedshorts.typepad.com/nakedshorts/files/EinhornOnCredit.pdf Link to comment Share on other sites More sharing options...
Members guitarplayer Posted November 21, 2007 Members Share Posted November 21, 2007 Haven't lost a dime unless you sell. Just keep buying low now in your 401K. It's the beauty of dollar cost averaging. By the time most of you are of retirement age you will have millions...nothing to panic about...go play your guitars! Link to comment Share on other sites More sharing options...
Members gdwill2u Posted November 21, 2007 Members Share Posted November 21, 2007 I haven't done horribly, but this market has me really confused. I'm seriously tempted to take profits and play wait and see because I'm concerned about how much more steam this bull has left. This is what I am doing. I am putting most of my money into CDs, Bonds and maybe a money market if I can get over 4%. The banks have been collateralizing loans with money from receipts from other loans, once there quarterly numbers start coming in the whole market will drop like a brick IMO. Will be unravaeling for about one year and then stabalize most likely, might take 2-3 years all told. I think we are heading for some real tough times. Hope I am wrong, but almost everything I've read says this is the case. Peace Bob Link to comment Share on other sites More sharing options...
Members decode6 Posted November 21, 2007 Members Share Posted November 21, 2007 Bonds are your best bet now. I'm doing a little less that 6 percent this year, which is better than the wild highs and lows of international and US stocks. Link to comment Share on other sites More sharing options...
Members Herald of Light Posted November 21, 2007 Members Share Posted November 21, 2007 Potentially losing that kind of money must surely suck, but I just wish I had that much to lose. I lost a few hundred because my motherboard decided to die, and the last available replacement of its socket type I could find bordered on totally unusable, so I had to replace basically everything, and now I am broke as hell for the foreseeable future. Link to comment Share on other sites More sharing options...
Members dmtnt Posted November 22, 2007 Members Share Posted November 22, 2007 You only lose the money if you sell - right now, you lost investment value. It should stabilize in the near future.+1, some bargains out there right now actually. Link to comment Share on other sites More sharing options...
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