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lbelle821
Arghhhhh
Member since 2/06 5285 total posts
Name:
Lisa
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Market - Financial Question
To all of you financial gurus out there, given the recent tank in the market and talks of us entering in a recession, what would you do with your investments?
For 401(k) would you switch it to a more stable option for the time being? And with stocks/mutual funds, would you sell or leave everything as is and ride it out?
Thanks!
Message edited 1/17/2008 9:31:45 PM.
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Posted 1/17/08 9:31 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: Market - Financial Question
I don't know what to do either, so far we have been riding it out but it is killing my stomach. Sorry I have no advice.
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| Posted 1/17/08 9:35 PM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Market - Financial Question
We're keeping it in aggressive investments since we're not retiring in the near future and market corrections are cyclical.
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| Posted 1/17/08 9:39 PM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: Market - Financial Question
We're leaving e/t where it is. We're not retiring for many, many years!  It'll turnaround. As for our other personal investments, we're still leaving them where they are. Eventually it'll go back up. Buy low, sell high. Technically, now would be a good time to buy.
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| Posted 1/17/08 9:59 PM |
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lbelle821
Arghhhhh
Member since 2/06 5285 total posts
Name:
Lisa
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Re: Market - Financial Question
unfortunately I think I bought high...ughh.
Message edited 1/17/2008 10:22:36 PM.
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| Posted 1/17/08 10:22 PM |
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watersdeb04
Back to school is here
Member since 12/07 1052 total posts
Name:
Deb
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Re: Market - Financial Question
Posted by CathyB
We're keeping it in aggressive investments since we're not retiring in the near future and market corrections are cyclical.
I agree. I think all these large drops are just corrections. I wouldon't be too concerned about any long term investments.
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| Posted 1/18/08 8:49 AM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: Market - Financial Question
Posted by npbride
We're leaving e/t where it is. We're not retiring for many, many years! It'll turnaround. As for our other personal investments, we're still leaving them where they are. Eventually it'll go back up. Buy low, sell high. Technically, now would be a good time to buy.
Me too. Trying to play day-trader with 401(k) or IRA investments is an almost guaranteed way of losing money..... I'm not good enough or diligent enough to try. For me, and most people, just letting it ride is the safest bet.
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| Posted 1/18/08 8:59 AM |
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