Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-15-2008, 08:12 AM
Junior Member
 
Join Date: Mar 2007
Posts: 11
The Financial market is in shabbles after todays news regarding Lehmans!

The Financial market is in shabbles after todays news regarding Lehmans! I have already lost a fortune and the market volatility is really testing my patience.

I have sustained huge losses and am wondering whether or not to cut my losses at this point.

Any suggestion or help would certainly be most helpful. Thanks


Last edited by TaxGuru : 09-15-2008 at 12:03 PM.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 09-15-2008, 12:04 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
The Financial market is in shabbles after todays news regarding Lehmans!

The only suggestion I have is that you should not panic and sell off any of your core investments in this particularly negative environment.

Always invest for the long term and have a sufficiently diversified portfolio, and do not engage in excessive speculation, option trading or buy shares on margin. This is a certain recipe for financial disaster.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can anybody please suggest an investment strategy for this market? nilbos Investment Strategy 1 07-20-2008 02:42 PM
What is meant by Fair Market Value with respect to Donations? chrisk Miscellaneous 1 05-05-2008 11:35 PM
Economic Stimulus Payments Update News TaxGuru For 2008 0 04-30-2008 09:50 AM
IRS has some great news for Stock Traders! TaxGuru For 2008 0 04-25-2008 03:11 PM
What factors or features are involved in a personal financial planning process"? Wayne Life Insurance 0 08-14-2007 01:44 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning