Does anyone else in their twenties or thirties feel like they're

[alcibiades_mystery]

picking up a lot of stock on the cheap right now?

My accounts are taking a big hit, but it feels like I'm just gobbling up shares at a discount. Maybe they'll go to zero, but I'm really not touching these thing for 30 years, so why not?

:shrug:

[flvegan]

1. It's still a gamble, but yeah.

The retirement fund became a fail safe some time ago.

I've been buying at huge discount for 3 months now.

My mum got ripped by the profiteers. I'll be putting her money back shortly. At their expense.

God but I do love this market sometimes.

[NYC_SKP]

2. My generation will be the first in some time to be worse off than our parents.

My very middle-class parents, in their early 80's, own their home and pull in over 40K/year in county job retirements and have full health.

They even throw money away gambling and going to emergency rooms for non-emergencies, not a care in the world.

I'm 51, there may be no social security, what little retirement I have is AIG, no clear health plan past COBRA extension.

I hope your generation is in better shape as you reach retirement.

[Common Sense Party]

3. How about their 40s?

These are GOOD companies, selling dirt cheap. These shares are going to be worth a heckuva lot more in 20-25 years when I'm retiring.

[terisan]

4. If you are buying sound companies, why not? I know some very conservative

investors who have lost practically nothing in their 401ks.

[girl gone mad]

5. Stocks still look too expensive to me..

by historical standards.

I have no reason to believe that most of the books aren't cooked, either. Management at so many publicly traded companies has proven themselves incompetent.

I've been doing okay in the currency markets, though.

[Withywindle]

6. No, not me.

I'm laid off. I'm too worried about making rent next month to buy any shares of anything. I'm just hoping my 401k has some hope of looking better in 10 years, as long as I don't have to withdraw it (with penalties) for medical expenses.

[specimenfred1984]

7. Ah yes, all of my wondrous accounts are so glorious too

Accounts all over the place just gobbling up all the poor little inferior suckers who lost it all. Disaster capitalism is a dream come true and everything will have to trickle down through winners like me.

I'm king of the world!

[orleans]

8. that's the spirit!

:sarcasm: :woohoo: :sarcasm:

[alcibiades_mystery]

18. Or, everything zeroes out and I have start again

Jeez, you'd think I was suggesting acquiring Endicott Steel and liquidating it.

:eyes:

Blue Horseshoe loves Endicott Steel...

[pansypoo53219]

9. that's what my grandpa did after the 1st big crash

did well, but fucking lucky he passed away before 07'. and had to sell in 03' or 04'.

[pa28]

10. Not really.

It's a bear market and I've seen nothing so far to indicate a reversal.

So, although I'm not short right now I've got a short bias - owning stock seems like playing with fire because the bad news keeps coming out of nowhere and you can't predict when it will ooze out and ruin your day. I look at multiples and with shrinking earnings they all seem high and keeping pace with the decline - as if that's another bubble out there that has not popped yet.

Sure, it looks like another bear market rally is on the way but overall skepticism rules the day in a climate like this. If you are really not touching this for 30 years I'm sure you'll get the last laugh though. :thumbsup:

[LeftyMom]

11. I'd be all over it IF I HAD A FUCKING JOB

But if the economy weren't fucked then I couldn't afford to buy shit. So I'm pretty much screwed either way.

[Earth_First]

12. What are you buying right now? n/t

[alcibiades_mystery]

21. Blue Horseshoe loves Endicott Steel

;-)

[BamaGirl]

13. Not me

For a long time after 1987 I thought my parents were nuts for refusing to ever 'invest'. They lost a lot then. My husband and I lost a lot in the last few months just like everyone else. And, being cynical by nature, I had us invested very conservatively since I always figured it was a gamble anyway. I'll get back in the market when it hits 6k. I think it'll go at least that low before this is over. Not much farther to go now, as it turns out. Much as I hate to admit it, we're getting close to 40 lol.

The best thing we did was buy a house, when we were young, that was much less house than they said we could afford, and at a low VA fixed rated. I hadn't planned on staying in this house the rest of my life but as it turns out, that might be my best bet lol. What are the best investments? Something that may or may not pay you dividends in 30 years? Or a house that will be paid off in 30 years? I'll take the house.

[KillCapitalism]

14. Heck no, I'm staying away from stocks.

There's no telling where this market is going to bottom out at. Knowing my luck, if I got back into the game right now, the market would end up bottoming out at 3000.

[MedleyMisty]

15. I wasn't born into money

So no.

[alcibiades_mystery]

17. Me either

:shrug:

[Jennicut]

16. My husband have a 401K and that is about it, we own no stocks

We have no money to do that, things have been paycheck to paycheck for a long time although its actually getting a bit better as my husband has a union job and is getting steady raises every year. I am glad we bought our home when we were 25 and 26. Now that we are in our early thirties we have a decent mortgage and its a 30 year fixed one. We bought a small "starter" house, a cape. I am just glad we have the money to afford our mortgage every month. We have two little ones so there are expenses involved in paying for preschool and clothes and food. Still, if one already has money invested in the stock market you might as well keep it there until it goes up, at least a small amount. We are lucky that we have 35 years or more until retirement.

[marmar]

19. That assumes that the economy, and the stock market, as it is now will be similar in 30 yrs.....

..... The economic system and capital could be radically different by then. I'm a thirtysomething, but I'm not touching stocks with a 50-foot pole.

[alcibiades_mystery]

20. Yes, that's why there's a risk

[treestar]

22. The whole thing is a risk

There's no guarantee. It is weird how people in their 40s and up feel entitled to it being worth more at the time they retire. They are gambling in the best of scenarios. It is always liable to rise and fall.

[B Calm]

23. You would be smarter if you doubled up on your house payments,

instead of gambling with your money!

[alcibiades_mystery]

24. meh...it's just a little bit every month

that's the point. with shares cheap, my little bit every month goes longer in volume of shares, even if the price is not so great right now. I'm not talking about day trading here. I'm just saying the losses are theoretical until I sell.

[Soylent Brice]

25. i had the same epiphany this weekend.

my wife did not agree...