LogFAQs > #963136484

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, Database 10 ( 02.17.2022-12-01-2022 ), DB11, DB12, Clear

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Topic	Stock Topic 36
Zachnorn 03/03/22 1:45:27 PM #104:	Moonroof posted... I agree. Dont buy a home. Hold your stock money as the market will trend up eventually. Yep, at present, I'd lose money if I were to sell it all because I'm currently down due to the correction. Part of why I threw in a lot of money, because I believe we will bounce back and end the year with overall profits. red sox 777 posted... You can explain that you could also lose your money on a house. If you are putting 20% down, a -20% move in housing prices wipes out your equity. That's true as well. I think she believes that I should have the money in "safe" things like savings accounts or CDs and just keep building on it, which isn't necessarily bad advice in normal times, but inflation really hurt my cash position last year. --- <D <cite>Zachnorn posted [p:963136484] in Stock Topi... [t:79900364]...</cite> <quote>Moonroof posted... </cite> <quote>I agree. Dont buy a home. Hold your stock money as the market will trend up eventually.</quote>Yep, at present, I'd lose money if I were to sell it all because I'm currently down due to the correction. Part of why I threw in a lot of money, because I believe we will bounce back and end the year with overall profits. red sox 777 posted... </cite> <quote>You can explain that you could also lose your money on a house. If you are putting 20% down, a -20% move in housing prices wipes out your equity.</quote>That's true as well. I think she believes that I should have the money in "safe" things like savings accounts or CDs and just keep building on it, which isn't necessarily bad advice in normal times, but inflation really hurt my cash position last year. --- <D</quote> ... Copied to Clipboard!
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