Well That Didn't Go Well...

[Loveneverfails]

I went to bed with a mentionable increase and woke up to a nightmare. My goodness, what in the world happened to my stocks while I was sleeping?!

 

[anthony]

Ummmmm.... the fiscal cliff is what's happening, and it's only going to get worse between now and news years, then the month of Jan, pretty much. I figured the inflation from economists had to stop the closer we got to Christmas... and yesterday was the day. I tried a little experiment of a small investment across a broad range, and even that lost $400 overall from 50 different stocks. Very few went up to balance the negatives.

Wait until Jan, watch Google and Apple, being huge share prices, jump on at the bottom and ride the profit wave back up. Those two will go upwards, just as they will go downwards amongst what is coming in the weeks ahead.

Grab hold of something, cause it's gonna get ugly.

 

[BigBear]

The end of any year is a rough time to be trading in pretty much any year. This is also a particularly bad year, even without the supposed CLIFF.

I'd suggest that in this market, a mobile plan would suit better than a stable portfolio (for this game).

But them I'm no pro at the stock market!

Bear

 

[AS1975]

Yeah, but I'm still trying to build a decent portfolio (I'll admit I'm trying to look at what advisers are worth watching though), here is an interesting article: Link Removed

Very interesting read

 

[anthony]

It's funny you mention that type of approach, as I've put together a portfolio here currently around 300+ companies, all of which I plan to buy $1000 worth of shares and let sit. Working on the same premise is that a majority will still make more money than those that lose, and I don't have to play the market daily or worry too much. If something starts to shift dramatically, even in one day, chances are I can still recover some portion of my loss if the company has tanked... or wait it out to get it back, if the company is an increasing profit company.

I've been using TheStreet website tool to help identify growth companies / companies of long-term historical slow growth. These are incorporated into some medium - high risk investments, to round out an overall portfolio for me to setup and leave here, adjusting only slightly as needed.

I'm still waiting though to see whether they sort out this cliff nonsense, as that could make a difference of having to wait a year to see any profit versus coming sooner profit in the coming month or two once it all hits bottom for the most part.

I think we'll really know one way or the other come Friday, Monday at the latest as the markets will close new years day and reaction will likely occur before close I would think, rather than the first day back for the new year. A few days will tell us all I guess... fingers crossed.