Discussion in 'Current Events' started by over9five, Aug 5, 2011.
Nope, but as long as the Nasdaq stays above 2200, I`m still ahead of the game.
I had a lot of money in the S&P 400 Midcap, and I did pretty much bail out of it.
It is not panic time.......long term is where it's at!!
August 5, 2011 8:43 pm
Just wanted to note the date and time that I agreed with moreluck.
Over, you have more than enough time before you retire for your 401k to bounce back. Moving stuff around after the fact only compounds the damage.
However, I did shudder when I checked my balance and saw that I am down nearly $10K this week alone.
Buy low sell high. Now is the time to put more into stock as it gets cheaper.
Bailing out now is a foolish move. If you were willing to buy stocks last week, why wouldn't you buy them this week at a cheaper rate? The only rational move is to increase your contribution rate.
I think I'll be able to buy a lot cheaper in a little while....
I haven't even bothered to check my numbers.
I reallocated my funds so they matched my original planned %.
I rolled mine over a year ago, I aint lookin at what it all looks like now. I just hope my adviser doesn't jump out of his ground floor office window.
I rolled mine over last week, but she said forget it. Oops. Sorry. Wrong thread..........................
Wrong thread??? Wrong website, I think!!!
Bailing ,as in completely removing ones money, is a losing option no matter how its looked at. Moving it however into a less risky area is good if you do it before the drop. Moved 90% of mine into the safer options two weeks ago and lost less than a grand. I`ll let the market stabilize and then put it back over the course of a month or so and buy more of the riskier stuff while its cheap.
Me too. I moved 70% out of the S&P Midcap into other funds.
Hey folks, sometimes the only thing left to do is to just share a laugh together!
No, gonna ride it out. Just think, we are now buying low
It's all about cost averaging !!
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