|Posted: May 4, 2006, 4:48 am - IP Logged|
UHmmmm, ahahaha!!!Why i always hate to be right!!!thank you, justxploring but i know. By the way nice "picture"...
I thought the stock market could be up some days and down others...am i right or wrong on this one?
It always goes up and down. You have to decide how much risk you can take and if your stomach can handle the fluctuations. I made 125% one year and then lost 60% which means I had less than what I started with. You understand that, right? Let's take a figure like $50,000 and add 125% to make $112,500. Now the same stock or fund drops 60% and you now have $45,000. So you really only lost $5,000 but in your brain you can't stop thinking about that $112,500. If you're the type who can shrug something like that off, then go for it. But I always recommend conservative investing, with no more than 40% in aggressive growth, depending on one's age. The older you are, the less time you have to recoup losses. Look at Lucent, for example. I remember when it was selling for $80 in '99 and I think it's selling for $3 a share now.
Anyway, I still don't think this has anything to do with the lottery.