Take a deep breath first. I don't think the media is doing us any favors when they report on financial matters. Ever notice if the market goes down 500 points it's front page news....but if it goes back up 500 points it's on page 3 of the financial section? I think the doom and gloom has people spooked. We heard all the same stuff during the Savings and Loan crisis and we survived that. I'm hanging in there and betting it will recover.
-------------------- Every now and then its gettin' kind of hard to tell but I'm still alive and well
Hook up the boat, go fishing and don't worry about the market. I believe the media is causing allot of the ups and downs by getting people all excited. Ride it out.
I believe a mere 5% of your monthly income should be invested in fishing guides. Great investment!! Return on your investment..... PRICELESS!!
-------------------- Chris Granrud - RainyDaze Guide Service World-Class Walleye, Crappie, Pike & Smallmouth Bass Fishing! Visit RainyDaze Guide Service to book your next adventure!
Buy low sell high. And remember, you havent lost any money til you sell. If you wait for the markets to go back up, you have your money back, then if you are still uneasy, transfer it over to something more secure.
nope, too late now, you are then locking in your losses.
If you believe the US economy will recover, IMO it is foolish to move to short term paper or any other "stable" vehicle right now.
If you believe the US economy will never recover, sell all your equities now and move to Canada.
Can we change those headlines to only 5 years in the future Tuck I need it to bounce back pretty quickly or my retirement is going to go on hiatus till it does
Honestly, I have resolved myself to not looking at either of my 401k accounts for a minumum of a year. I know I am invested in areas that the conventional wisdom seems to point towards for a person my age. There is nothing I can stick it into that will (For sure...) appreciate faster. These bad times we are experiencing are going to die down for nothing else than the market getting used to what happened. There is a huge void now in the banking and finance industry. With that comes potential for growth for someone and something. Investors will not stand on the sidelines forever. Once the dust settles, traders are going to do what they know how to do. Find bargains and buy them.
Here is to prosperity down the road!
The key for my family right now (Who hasn't been hurt much at all stock market wise I am finding out..) are heavily invested in 3M, St. Jude Medical, Deere Corp (John Deere)and numerous energy commodities. I guess any advice I would have is invest in stocks that are "Necessities of life" and not so much in financial industry speculation including the mortgage industry.
Watch agricultural stocks. Deere for instance has been doing pretty good due to the fact (I think...) that grain and milk prices are up dramatically. Farmers are investing in technology to maximize their efforts. One of my largest customers makes parts for Deere that are used in their GPS systems to promote efficient planting and spraying patterns while driving tractors. There is a lot of technology in tractors nowadays.
Now if all the banks fail and the farmers cannot get financing....
Quote: Watch agricultural stocks. Deere for instance has been doing pretty good due to the fact (I think...)
Good advice on the Deere stock. I think this article, down towards the bottom, will shed a little light on why Deere is doing pretty well and should continue. The market in Russia is on fire for our ag type equipment. We ship alot of units to Russia via west coast ports almost daily. Russia exports rise 181% in 2007
There is pretty good money selling used equipment over there also for a quick tripling of your investment and when there is a demand for 17,000 combines and 45,000 tractors the end no where close. And semi tractors also are in high demand.
-------------------- Perfection is not attainable, but if we chase perfection we can catch excellence.
-Vince Lombardi
Your 1+ years too late to take the $ out of the market. Right now it is a great time to put more $ into the market not take out.
Free tax advice... Remember that even though you might already be maxed out on your match for your 401K you still get the pretax deduction. Your buying low AND saving $ on your taxes.
Quote: I guess any advice I would have is invest in stocks that are "Necessities of life"
That's why I like Procter and Gamble (PG). quality, highly researched products, world wide markets, and 22 separate Billion dollar products. They have paid a dividend every year for over 50 years. Products that every household needs, everyday. you use it up, you go buy another one next time to the grocery, regardless of the economy. Jack
well.. stocks WILL go up... how far down they go first and how fast they come up or how far.. thats anyones guess.... only an anarchist would say they are going down and never coming up... if thats true.. we better be building bunkers, and stocking them with supplies..... since that sounds downright stupido... Id say buy stocks!
Should I move my money around?
Stocks are the only things I know of that people don't like to buy when they go on-sale. 
I need it to bounce back pretty quickly or my retirement is going to go on hiatus till it does 
It's my dream! You stay out of it! 
