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Post by valpo04 on Oct 24, 2008 8:02:56 GMT -5
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Post by papa on Oct 24, 2008 15:39:00 GMT -5
Again , I say hang on. When blue chip companies like Dow Chem ,GE ,Deere ,CAT ,JJ ,Abbott , etc are paying divs in the 4.5-7.5% range based on their price there is a little light at the end of the tunnel. I just keep thinking my drips will payoff down the road.
How low will it go ,who knows...but it will come back up.I was told by a person I trust today ,that price of stocks today vs some of these companies value is the best it has been in 33 years.
Much of the problem is with the media & the politicians who are continuing to tell us " HOW BAD EVERYTHING IS". The media loves BAD NEWS ,it sells .Stockbrokers love for you to sell & buy ,they live on commissions & the politician use it to get elected ,They have to be negative , if they say something is good everyone comes out & says ,
"that guy is out of touch"
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Post by wh on Oct 26, 2008 19:10:32 GMT -5
Unfortunately, the standard response that “you haven’t lost anything until you sell” doesn’t help everyone. For instance, seniors using a 20-year annuity to draw down assets from a 401K or other market investments are taking huge hits. They have to immediately and significantly reduce their draws or risk running out of money far sooner than they ever anticipated. The other day the heads of two local foundations were telling me that their ability to fund already approved grant requests for important social service initiatives is in serious jeopardy due to the declining value of their respective portfolios. This is a very serious situation indeed for those whose loss is “more than on paper.”
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