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Monday, September 29, 2008

After moving $800 into North American Growth fund on Friday...

They say that trying to time the market is stupid.

I'm stupid.

The TSX is down 800+ points right now. The Dow is down more than 500.

Owwwwch.

Oh well. I have 30 years for it all to turn around.

Still .... owww.

Friday seemed like a good time to get in, with the TSX down about 400 points and RIM shares down 40% on the day. Seemed like a good time.

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2 Comments:

  • dude, i would have done the same thing! who could have known, right? I haven't checked it out today, but that market is getting up there again!!!

    maybe you'll recoup AND then some ;) i guarantee you'll be swimming in the $ if you keep investing now. For sure.

    By Anonymous Budgets are Sexy, at Tue Sep 30, 01:50:00 PM ADT  

  • Man, if I had more cash around to throw at it, I surely would. I had $20k and a bit in money markets, then threw the "and a bit" over to the riskier equities.. we'll see how it goes. All the rest of my money is now tied up in company stock or cash for the 'emergency fund' ... And putting the emergency fund into a volatile market like this would be more stupid than even I'm comfortable with!

    By Blogger BigAssSuperstar, at Tue Sep 30, 03:06:00 PM ADT  

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