Comments on: My Abusive Love Affair With Stocks https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/ Money | Minimalism | Mohawks Wed, 29 Feb 2012 02:34:49 +0000 hourly 1 https://wordpress.org/?v=7.0 By: J. Money https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-60137 Sun, 14 Aug 2011 18:03:30 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-60137 Thanks for guest posting for me while I was gone, brotha! Always enjoy a little fiestiness up in here for my people ;)

@Rachel – Hahahaha, that is hilarious… seems like something I would do too ;)
@Stephanie – I do the same for the most part, though I have an account specifically for me to play around with and try my hand at stock picking… it’s a small % of my overall portfolio that lets me be dumb/super-risky ;)
@Million Mile Secrets – Yep! Agreed. And if you’re REALLY weird/crazy like me, you actually enjoy seeing it go all over the place every week ;)

]]> By: Million Mile Secrets https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59667 Wed, 10 Aug 2011 14:54:53 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59667 Stocks are great long-term investments, but you need to have the strength to not bother about short-term fluctuations.

]]> By: JerryB https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59637 Wed, 10 Aug 2011 00:40:56 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59637 I love stocks and enjoy the research. However, I’m a bit conservative in my stock picks (S&P 500 Index for my RothIRA).
Now that I’m debt free I can add to my portfolio every month or so.
My current plan is to use David Fish’s Dividend Champion list as a starting point on where to invest next based on the upcoming Ex-Dividend dates.

]]> By: Gutman https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59631 Tue, 09 Aug 2011 21:40:08 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59631 Whoops just realized I used the wrong name when I was responding to comments above (Oren)… Anyhoo

@Jenna: I know what you mean…that’s why I love a buy and hold strategy, just buy a few stocks that you know are excellent and are going places (at a good price, of course) and wait it out. I would only check the price of my stocks every few weeks or so. Once I started doing that my gains went up exponentially.

]]> By: Jenna, Adaptu Community Manager https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59629 Tue, 09 Aug 2011 18:11:16 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59629 Couldn’t agree more! I like the idea behind stocks. However, I can’t seem to get over the additive behavior I have with them. The tracking, updating, refiguring, stressed out feeling…

]]> By: Alison https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59625 Tue, 09 Aug 2011 14:33:24 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59625 Glad to know that I’m not the only one that read it as socks and not stocks. :)

]]> By: Oren https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59623 Tue, 09 Aug 2011 13:52:23 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59623 @Rachel: hmm I actually also do have a love/hate relationship with socks…maybe I should write about that too…

@Cash Flow Mantra: glad you enjoyed it! :)

@Stephanie: I couldn’t agree more, especially if you’re good at finding stocks that are “on sale”, which I actually show how to do in my book (pardon the shameless promotion). As for the second part – to each her own! It’s great to have an adviser that you trust :)

]]> By: Stephanie https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59621 Tue, 09 Aug 2011 12:56:30 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59621 This post made me chuckle. :-)

I totally agree with your second #3. The stock market crashes not infrequently (although to varying degrees), and it has always rebounded. If you’re close to retirement, you shouldn’t have that much money in stocks anymore. But if you’re young like me (I’m 28) and retirement is a long way off… if anything when the stock market crashes you should be buying! (On another finance blog I read, a commenter described it as buying stocks “on sale.”) In the long term, the market will inevitably rebound and you’ll make a ton of money.

That said, I don’t buy individual stocks. (See the first #2 – I don’t have time to sit around researching individual companies.) I stick with an IRA and trust my financial advisor’s judgment. ;-)

]]> By: cashflowmantra https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59619 Tue, 09 Aug 2011 12:52:15 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59619 Socks is too funny. This is a most appropriate post for the anxiety provoking market action that is going on right now. Love it.

]]> By: Rachel https://eliteedgemoney.com/my-abusive-love-affair-with-stocks/#comment-59617 Tue, 09 Aug 2011 12:02:14 +0000 https://staging.eliteedgemoney.com/?p=12009#comment-59617 I got through most of this post reading “stocks” as “socks”. HAHA Makes more sense now :)

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