401K > Business & Investing

Posted: 9/5/2008 8:02:47 AM EDT

Gee wiz...Had to send my 401K info to my financial guy on Wed. YTD was down 12.9%....That sucks.....

Just pulled it again and its doew 18.6% YDT...Holy jesus h christ.....

I think I may invest heavily in a 223 or 556 rather than a 401.......

Posted: 9/5/2008 8:10:28 AM EDT

[#1]

When the market is down, BUY.

Posted: 9/5/2008 4:44:40 PM EDT

[#2]

Quoted:
When the market is down, BUY.

+1

If you have more than ten years to go until retirement, who cares what the market is doing today? And if you have less, you should already have a good chunk of your investments out of stocks.

Posted: 9/7/2008 4:09:19 AM EDT

[#3]

Have to pay attention to the market, a lot of these "financial advisers" are morons or out to sell something. I'm all cash as of several months ago...I suggest you do the same and wait for a bottom.

Posted: 9/7/2008 1:59:06 PM EDT

[#4]

Quoted:
Have to pay attention to the market, a lot of these "financial advisers" are morons or out to sell something. I'm all cash as of several months ago...I suggest you do the same and wait for a bottom.

But then again, some of us can afford to be team members. Let the outcome guide you.

Posted: 9/8/2008 5:31:54 AM EDT

[#5]

Quoted:
Have to pay attention to the market, a lot of these "financial advisers" are morons or out to sell something. I'm all cash as of several months ago...I suggest you do the same and wait for a bottom.

Those who wait for the bottom, or top, miss it.

Posted: 9/8/2008 6:17:55 AM EDT

[#6]

Quoted:

Quoted:
Have to pay attention to the market, a lot of these "financial advisers" are morons or out to sell something. I'm all cash as of several months ago...I suggest you do the same and wait for a bottom.

Those who wait for the bottom, or top, miss it.

Amen.

Posted: 9/9/2008 5:00:33 AM EDT

[#7]

Quoted:

Quoted:
Have to pay attention to the market, a lot of these "financial advisers" are morons or out to sell something. I'm all cash as of several months ago...I suggest you do the same and wait for a bottom.

Those who wait for the bottom, or top, miss it.

Amen. I am buying like a mad man right now. I may lose some money over the next year or two (or even three, but I doubt it), but I will be WELL positioned for the recovery having bought cheap. My only regret is not moving some money around to get it out of funds I am no longer investing in (holding), but they are historically good funds, so I think they will recover as well.

shooter

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