A good time to be 100% I?

[Dagon]

Kind of wish I was for monday.

http://news.yahoo.com/s/afp/20080209/bs_afp/opeccommoditiesoilcurrency

I think this will drop the US dollar, thus most likely a big increase for the I fund. A good day to be out of F as well.

 

[tom1tom1]

In the long run I think the i-fund is the place to be.

 

[Bullitt]

The currency market is highly volatile. I wouldn't get too caught up in trying to base your investment decisions on which way the dollar is heading. It is going to take more than a couple year downtrend in the dollar for the Saud's to switch to the Euro. OPEC is dominantly Saudi, and they know better than to bite the hand that is feeding them. No surprise that the two antagonist countries are the usual suspects.

 

[SteveTSP]

Based on some gut feelings, I ventured into the I fund on Feb 5th at 100%. I have very little financial insight on the process of this type of fund but was tempted to test the waters to recover some (maybe 1 to 2%) of the previous three months of C and S fund declines. So far, not so good! Just wondering if I should run for cover in the G and cut my loses or hope for a little bound in the coming days. I am within three years of retirement and maybe I should have been more conservative but got the itch as a new forum member! Your thread matched my thoughts.

 

[Birchtree]

I can't tell you what to do. But if I were in the I fund at 100% I would be adding to my already existing pain level by buying more at these prices ($21.55) every two weeks. We are probably very close to the end of our current correction - we could simply trade sideways for several months building the next base. Collect more golden prices while you wait.

 

[Talltimber]

That's my bet too Birchtree, hope we are good.

 

[FUTURESTRADER]

Based on some gut feelings, I ventured into the I fund on Feb 5th at 100%. I have very little financial insight on the process of this type of fund but was tempted to test the waters to recover some (maybe 1 to 2%) of the previous three months of C and S fund declines. So far, not so good! Just wondering if I should run for cover in the G and cut my loses or hope for a little bound in the coming days. I am within three years of retirement and maybe I should have been more conservative but got the itch as a new forum member! Your thread matched my thoughts.

Probably should be more conservative as you surmised, being so close to retirement AND admitting that you have 'very little insight...' 100% anything risky. You might want to go with the appropriate L fund 'breakdown' to get the feel for the market vs. just putting it into the L fund. It's more fun that way Or 'nibble' out a little to where you feel comfortable. At this point, you can still change it tomorrow

 

[Birchtree]

The last time I told my wife the kitchen was on fire, she said "let it burn, I'm not moving". That's how I feel about this emotional market. DCA is my portfolio redeemer while I wait.

 

[SteveTSP]

Birchtree, Talltimber and Futurestrader,
Thanks so much for your thoughts and suggestions. Usually, I am a very conservative person with our money. However, I got the "fever" of potentially recovering some of the downturn and got greedy, I guess. I am having a hard time been patient when each day the I fund share price drops a little more. All of this advice is right on the mark and helps me to think beyond the closing price from yesterday.
Thanks again, Steve