We just pulled out of ours, it lost 25 percent the last quarter and my wife is only six months from retirement. Don't have years and years for the market to make a come back that may or may not ever happen. Now we are heading towards nationalizing the banking industry. One senator today said it's a real possibility.
If we nationalize the Banking and Health Care industries as the Libs would like to do, How far are we from complete government control? Can anyone else see the writing on the wall.
James B I'm sorry to hear that, ya'll are the kind of people I've argued with VC about for ... I dunno, 6 years + I guess. People who are 5-10 years from retirment and can't "ride it for the long haul" because the "long haul" doesn't exist for their lives.
Like I've said before, pesonally, stocks have been too risky for me over the past several years and I have been stuffing money into my 401k. Company match of 50% and add another 4% per year, not bad at all considering the alternatives. Now, I am looking at the buying opportunity of a lifetime.
We just pulled out of ours, it lost 25 percent the last quarter and my wife is only six months from retirement. Don't have years and years for the market to make a come back that may or may not ever happen. Now we are heading towards nationalizing the banking industry. One senator today said it's a real possibility.
If we nationalize the Banking and Health Care industries as the Libs would like to do, How far are we from complete government control? Can anyone else see the writing on the wall.
It's unfortunate you had so much money in stocks so close to retirement. The usual strategy is to transition over to less risk in the last few years leading up to retirement, so that if the market hits the wall (which it did of course) your losses are minimized.
The idea is that over a long period, stocks will outperform, but over a short period, you can lose. I think the market has recently been telling us that the old buy and hold strategy of decades past may be history. Emotion drives markets far from fundamentals to the point where its hard to say how you'll do even after 10 years.
c'mon ........ fact is, NO ONE knows how the markets will move.
100% true statement, I doubt you will get any arguements.
Quote:
We could see 15,000 DOW next year or 5,000 DOW
This is 100% true also. Great, so which one do you THINK? I have an opinion and that dictates how I spend my money. Big D, ultimately we are all responsible for our own money. You ask for advice on here, you get some and it is worth exactly what price you pay for it.
The fact is, if you are employed and you get a paycheck every 2 weeks or month, you decide what you do with it. For every dollar, you can only do one thing and there isn't an undo button as people are finding out. You can spend it to help pay your heating bill, buy a 50" LCD TV, invest it somewhere, stick it under your mattress, give it to charity, etc. Do what you think is right.
One thing you should have learned in your however many years of debating (arguing) on this forum and elsewhere, chances are that you are not going to change anyone's mind and no one else is going to change your mind.
cascadedad who said the other day that the bottom was 7800 ? Who all along has said keep pumping money into 401 K's and that 401K's were the greatest thing since sliced bread ?
I dont know where stocks will go. I know that IF they eventually go back up, this is a Golden buying time unlike which I might never see in my life time.
Yes, THAT golden.
If I invest allmy spare cash now and the DOW recovers in 10-15 years (I am 40 thissummer) then I made good solid investments.
If I invest all myspare cash and the markets tumble to nothing and stay there? Then the world will be so bad I won't care that I lost $10,000 or $20,000 in the markets, a bag of potatoes I'd shoot a person for to feed my kids, you know ?
So I'm investing, I bought 195 more shares of S stock today. Almost bought CLWR and will in the near future. I also would like to buy some safer stocks
James B I'm sorry to hear that, ya'll are the kind of people I've argued with VC about for ... I dunno, 6 years + I guess. People who are 5-10 years from retirment and can't "ride it for the long haul" because the "long haul" doesn't exist for their lives.
Funny, this is the same arguement many on this board has been making about not having your money in high risk if your planning on using itfor your retirement in the next 5 to 10 years. BigD you skipped over that point.
James, I wouldn't pull it all out. Get it back in with in the 60 day window. Your not going to see a 25% drop before your wife reaches her retirement age. This down turn is only going to last a few years at best. America has alot more data points to go on and a lot more media out now to get the truth out. Fortunately, eventhough Obama is repeating the same mistakes FDR did way back then, America isn't going to stay that dumb for long. Normal Americans know a house isn't an entittlement. They won't allow it to go on when they are doing the right thing and not sucking off of others.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
how's that 401K stock portfolio looking VC ?
