Any advice?

[Kentucky]

Everyone....

I just wanted to say Hi, and thanks for your comments and advice.

I never expected so many responses, but I do greatly appreciate everyones thoughts. As for me, well, my thoughts lie somewehre in the middle. I think we are close to the bottom, and am considering getting back in partially (maybe up to 25%), but I am still reluctant ... especially seeing that the futures are down again this morning (Dow futures are down by -184.00 as of right now).

As someone in the responses wrote, most gains over the past few months have been followed by a new drop to new lows. I think I will wait for a few days and see what happens before deciding what to do.

And as for my decision to "get out", well, I got out the first of October and sat in the G fund making a 3% return while the stock market dropped 1,000 points, so my getting out was not so bad ... I just wish I had gotten out sooner!

Anyhow, someone asked when I planned to retire. I will not be eligible, age wise, for at least 11 more years ... so maybe I can make msot of this back (its just that I was planning on makeinga b unch more over the next 11 years and retireing on more favorable conditions, now I have to hope to get back to where I was a year and half ago.)

 

[dannyboy]

Everyone....

I just wanted to say Hi, and thanks for your comments and advice.

I never expected so many responses, but I do greatly appreciate everyones thoughts. As for me, well, my thoughts lie somewehre in the middle. I think we are close to the bottom, and am considering getting back in partially (maybe up to 25%), but I am still reluctant ... especially seeing that the futures are down again this morning (Dow futures are down by -184.00 as of right now).

As someone in the responses wrote, most gains over the past few months have been followed by a new drop to new lows. I think I will wait for a few days and see what happens before deciding what to do.

And as for my decision to "get out", well, I got out the first of October and sat in the G fund making a 3% return while the stock market dropped 1,000 points, so my getting out was not so bad ... I just wish I had gotten out sooner!

Anyhow, someone asked when I planned to retire. I will not be eligible, age wise, for at least 11 more years ... so maybe I can make msot of this back (its just that I was planning on makeinga b unch more over the next 11 years and retireing on more favorable conditions, now I have to hope to get back to where I was a year and half ago.)

**************************************************
From another newbie,
If I were you I'd just go ahead and stay in the G, As much as possible. This market is really bad and this is the (worst part?) of a terrible downturn. There is no real hope in sight and the some say it's gonna stay this way until late 2010. Follow the leaders and proceed with caution. :notrust:

 

[Gumby]

Expect things to get worse and new lows to be achieved. In all liklihood the worse is yet to come. It's very tough being an active Member and not getting caught up in the 'daily charts' and hearing people talking about rallies and such.

Don't be afraid to stay in safety and just mingle and get to know everyone. This is a very cool place.

Later dude,

Steady

Very good advice Steady!

 

[Kentucky]

Very good advice Steady!

yeah, thanks Steady ...

And as they say, Steady as she goes!

 

[mick504]

Hi kentucky....isn't that Daniel Boone country! I was 100% G for many months but now I'm back in the C fund 100%...a little sooner or I should say higher 'around 900' than I wanted to be. My target was to get in around 800 on the S&P. Personally I would get in or hope for a lower low but don't wait too long. I'm sure others on the board will disagree! The economy really sucks right now; however alot of people are waiting to get in and by the time they get in the S&P may be past the mark! I do believe that in order to maximize returns and minimize losses a person needs to move from C, S, I to G and back again. The G fund is your safety net when the mkt slides down! If you don't want to walk up the hill again you have to get off the trolley car before it goes down the other side. I know it's easier said than done! But that's the idea! JL :cheesy: Good luck investing!