...from another thread, a request for update:
Flex,
Could we get an update on your sample investment portfolio?
Yes...it the portfolio has a market price of
$64,046.030 at close of trade Friday, 10 October 2008! But, we will NOT sell. In say, two(?) years time we will laugh about this major event in economic history.
If there is any solace, one might be forgiven for thinking that it couldn't possibly go down any further. But...no one knows the future.
What we do know is that mankind will continue to need food, fuel, energy, resources and manufactured goods, which will all be provided by the companies that comprise the stock market. So the world of the stock market will not come to an end. The market WILL recover. But no one can tell us precisely when.
The current market conditions have been caused by fear and panic brought on by a complete lack of confidence in the market system. As that confidence is slowly regenerated, market prices will slowly rebound to more closely represent the value of stocks.
What has been created is an unbelievable opportunity to buy very high value stocks at unbelievably low prices. This is an opportunity that only happens once a lifetime for the astute investor.