Comments on: When Stocks Slide What Do You Do?

By: Blake

Blake — Wed, 01 Oct 2008 17:20:29 +0000

Hey Scott,

I started out through a local coin shop, but they are always sold out now as people have been going nuts over getting bullion.

I recently bought some pre 1964 dimes (90% silver) from a reputable dealer on ebay. That went great.

I also bought some silver from the these guys- http://www.nwtmint.com/ . Shipping takes a while, and I’m actually still expecting my order (tracking shows it’s getting close), but they seem pretty professional.

By: Scott

Scott — Tue, 23 Sep 2008 21:12:09 +0000

@ Blake Interesting that you are buying physical gold and silver. Do you buy it online or from a local coin store?

@ PFI Yes, BAC has had an interesting week with the news of a federal bailout.

By: The Weekend Round-Up

The Weekend Round-Up — Sat, 20 Sep 2008 22:24:30 +0000

[...] It was a very tough week in the markets. The Passive Dad offers his thoughts on what to do when stocks are sliding. [...]

By: passivefamilyincome

passivefamilyincome — Thu, 18 Sep 2008 13:52:46 +0000

Wow – The timing of your post is ironic. I had a similar article this morning on my site about the same types of things. Also funny you mentioned BAC and GE in your post. I own both of those in my portfolio and will be picking some up here and there over the next few weeks. Thanks for the tips.

By: Blake

Blake — Thu, 18 Sep 2008 12:45:28 +0000

You said it all with ‘…can overwhelm our ability to think rationally.’

Trying to function properly when we are dead afraid is about the worst thing we can do. If we are terrified of what’s happening in the markets, it’s very likely we’ll make rash decisions that actually do cause us to lose money.

I like Graham’s advice: The news has it backwards. They report it as bad news when markets are down and as good news when they are up. We should all be celebrating cheaper valuations so we can lower our cost-basis. Instead your average investor is dumping all their shares right now and will come back in somewhere towards the end of the next bubble.

One thing I am doing is adding some physical gold and silver bullion to my investments. I don’t know how long or how severe this financial crisis will be, but I feel better having some physical stores of value tucked away. The more the fed tries to bail us out with printing, the better for gold and silver.