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  1. #1
    Sinner's Swing! chewbaccamonkeylunch's Avatar
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    02.16.16 @ 06:50 AM
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    I am poor so I only have a little money in Fidelity Contrafund (FCNTX) It isn't tanking as bad as some of the funds out there. Anyone else have any funds that are holding up through this shitty economy? [img]graemlins/sssh.gif[/img]
    The trashman was my hero.......
    -Seenbad

  2. #2
    Sinner's Swing! chewbaccamonkeylunch's Avatar
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    02.16.16 @ 06:50 AM
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    No one has any money in the markets? No one has a retirement fund offered at their work? No one works at a school or "for the county" or "for the state or local govt"? Money Markets or Bonds or CD's?? [img]graemlins/bounce.gif[/img]
    The trashman was my hero.......
    -Seenbad

  3. #3
    Eruption Dimoncutr's Avatar
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    Grand Blanc, Mi.
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    10.06.14 @ 12:51 AM
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    Donor

    Originally posted by chewbaccamonkeylunch:
    No one has any money in the markets? No one has a retirement fund offered at their work? No one works at a school or "for the county" or "for the state or local govt"? Money Markets or Bonds or CD's?? [img]graemlins/bounce.gif[/img]
    All my money is in my buisness. [img]graemlins/thumb.gif[/img]

  4. #4
    Hang 'Em High Stuff No More's Avatar
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    01.08.05 @ 11:08 AM
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    My mutual fund is part of my Roth IRA, which means I don't need to worry about it's condition for another 40-50 years.
    "Just once I'd like to do the right thing and not get punished for it."

  5. #5
    Niners Fan! SactoFan's Avatar
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    Mutuals are coming back slowly...You want diversity there...If your MF is total tech, you are getting hosed and need a new direction...

    Remember, MF's are intended to be a LONG term investment...Most good ones will usually average about 10-12% return over the life of the fund...

    Also, downturns in the economy are great for the long term investor...Your bucks go much farther and you are that much farther ahead when the market rebounds...
    Can't stop...addicted to the shindig...

  6. #6
    Baluchitherium Lead Synth's Avatar
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    02.22.16 @ 08:29 AM
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    My mutual fund actually tanked a long time ago and has since been crawling back up. I really could use some of that money right now, but my parents, who are both brokers and know about these things, have hissy fits whenever I touch it, because it's supposed to be for school...

    I say, don't let school get in the way of your education...
    www.mayakuper.com

    "VH rocked Staples like a foot rocks grapes in Naples." - mistere

  7. #7
    Romeo Delight dpbillsfan's Avatar
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    02.20.16 @ 05:42 PM
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    Mutual Funds? I'm so poor I gotta jerk off the dog to feed the cat!! My 401K money is tied up in T. Rowe Price. Don't even look at it anymore, its too damn depressing right now. But I just look at it as buying shares cheaper right now.

  8. #8
    Sinner's Swing! jimmy's Avatar
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    04.29.16 @ 07:05 AM
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    I think they refer to it as "Dollar Cost Averaging".......your shares may be cheaper......but you buy more......its a "Sale" on mutual funds........

    My dad lost about 250K.........he cashed at the worst possible time.........he should have waited for the funds to recover..........

    Years ago I tried to get him to go see a Certified Financial Planner I worked for.......but he didn't listen.

    Never look at your statements......just throw 'em away.......your cash will be there when you need it in 30 years.
    Actually I think most of us are Dave, Sam, and Mike fans. There's just a small group of people who have strange allegiances and like to get into petty pissing contests that I can't believe everyone on this site isn't bored of. - Brett

  9. #9
    Niners Fan! SactoFan's Avatar
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    Originally posted by jimmy:

    Never look at your statements......just throw 'em away.......your cash will be there when you need it in 30 years.
    That's exactly what I do...I don't even open the envelopes...
    Can't stop...addicted to the shindig...

 

 

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