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Question about our 401k options....
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<blockquote data-quote="Anon1" data-source="post: 369995"><p>I know they say to stay the course if you are young. But we are in a recession. I would put some into bonds no matter what age I was under these conditions. Looking out a few years, it looks ugly. About the only way interest rates can go is up. Most of my friends are staying pretty close to home with $4-$5 gas. Think what that is going to do to corporate profits. From what I have read, the housing problem is not over yet. Are people still spending money? Of course. But I think they are being more selective. I hope I am wrong and the market turns around. I hate being pessimistic about financial matters.</p></blockquote><p></p>
[QUOTE="Anon1, post: 369995"] I know they say to stay the course if you are young. But we are in a recession. I would put some into bonds no matter what age I was under these conditions. Looking out a few years, it looks ugly. About the only way interest rates can go is up. Most of my friends are staying pretty close to home with $4-$5 gas. Think what that is going to do to corporate profits. From what I have read, the housing problem is not over yet. Are people still spending money? Of course. But I think they are being more selective. I hope I am wrong and the market turns around. I hate being pessimistic about financial matters. [/QUOTE]
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