WeDidIt
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Tue Feb-10-09 07:02 PM
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So I altered my retirement fund today |
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I took everything I had in mutual funds and moved it to blue chips.
I figure we've about bottomed out again.
My retirement took a beating back in September and I did this move before, then moved back when I thought things would go down again. I've gained back about 70% of my September losses already doing this.
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rfranklin
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Tue Feb-10-09 07:05 PM
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Hard to know if this is going to turn up any time soon.
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WeDidIt
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Tue Feb-10-09 07:07 PM
Response to Reply #1 |
4. I figure it'll go up tomorrow |
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people will be bargain hunting.
I've found that the surest way to get ahead with stocks is to bet against what everybody else is doing, especially with an indexed fund. If everybody's buying, sell because it's getting over valued. If everybody's selling, buy, because everybody is being irrationally pessimistic.
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Skink
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Tue Feb-10-09 07:06 PM
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2. Dow could be headed to 7000 according to Robert Reich. |
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Edited on Tue Feb-10-09 07:10 PM by Skink
I moved most of the balance in the 401k to bonds and managed funds. Any future investments are almost 100% in stocks.
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WeDidIt
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Tue Feb-10-09 07:10 PM
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but I don't think it'll dump that much. Watch, tomorrow there will be bargain hunters.
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Skink
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Tue Feb-10-09 07:16 PM
Response to Reply #8 |
10. Atleast keep watch on it. |
WeDidIt
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Tue Feb-10-09 07:20 PM
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I didn't for a long time, buit I do now.
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Uzybone
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Tue Feb-10-09 07:53 PM
Response to Reply #2 |
17. Suze Orman (I know, its funny) predicted we would bottom at 8K |
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Edited on Tue Feb-10-09 07:55 PM by Uzybone
right after Lehman crashed. I though she was on crack.
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blaze
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Tue Feb-10-09 07:06 PM
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That's a damn good come back! Well done!
I wish I understood the market well enough to move stuff around like that.
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WeDidIt
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Tue Feb-10-09 07:08 PM
Response to Reply #3 |
6. Thing was, I just had the money moved into retirement and did nothing |
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Mostly it went into mutual funds. NEver paid it any nevermind.
When everything went into the shitter, I figured I had to pay attention and move things around.
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JayMusgrove
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Tue Feb-10-09 07:08 PM
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5. Hope you're under 30! I think we've got about 10 years of |
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low stock prices before we pull ourselves up enough to feel like we can make it.
I am retired and have to keep stocks at a minimal level of my portfolio.
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WeDidIt
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Tue Feb-10-09 07:09 PM
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I've got to take some risks to make up for the losses in the Bush economy, though.
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elocs
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Tue Feb-10-09 07:15 PM
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9. My retirement funds did not take a beating because when stocks started heading down |
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I did not feel the obligation to watch as my investments bottomed out, but simply moved my money to something safer.
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rzemanfl
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Tue Feb-10-09 07:17 PM
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11. I am going to do mine too as soon as I can find the coin |
panader0
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Tue Feb-10-09 07:24 PM
Response to Reply #11 |
14. LOL That's the boat I'm in. Actually, I own my home and land |
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but no savings. Social Security is my retirement porfolio.
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rzemanfl
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Tue Feb-10-09 07:44 PM
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15. I always say that my retirement party will be someone saying |
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"who was that ambulance for anyway?"
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Dr.Phool
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Tue Feb-10-09 07:22 PM
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kstewart33
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Tue Feb-10-09 07:52 PM
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16. Good for you. Contrary to conventional wisdom, you can time the market. nt |
CountAllVotes
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Tue Feb-10-09 08:22 PM
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caution when moving retirement funds around ... the IRS doesn't like it a whole lot.
Good luck, you'll be needing it.
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truebrit71
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Tue Feb-10-09 09:13 PM
Response to Reply #18 |
19. The IRS only cares when you take the retirement funds OUT...what you do with them INSIDE a plan.. |
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..is none of their concern...
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truebrit71
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Tue Feb-10-09 09:16 PM
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20. Interesting...I moved to 100% cash last April and left it there until December... |
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...been slowly increasing stock positions ever since..here and overseas...
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Thu Apr 25th 2024, 02:02 AM
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