daze823
Investor
- Reaction score
- 5
Ok,
So because of QEII ending, and going on vacation for a few weeks, I pulled everything out of stocks on 7/6/11, and sought refuge in G and F. Great right??? Well I was pretty happy about those events, then after the 6% drop last Thursday, decided it was time to get back in and get my feet wet, so I went 25% and 25% S / I, and kept the rest on the sidelines to jump in with if there was another drop... But was pretty confident was getting in at a reaasonable level...
After jumping in, saw the shark swimming around (downgraded credit rating), and feel like i'm in over my head... The good news is i'm only in 50%, and missed the first 20% decrease in the last two weeks, but the bad news I'm overly nervous and want to jump back out... My gut tells me seek safety, but my head reminds me everytime I've done that in the past it's burned me, plus if I get out tomorrow, that will be my 2nd IFT and will be out for the rest of the month... I feel like there is still money to be made by sticking it out and buying in with the rest later in the month, but I am pretty new at this and not so confident with that strategy...
Do you think I should:
So because of QEII ending, and going on vacation for a few weeks, I pulled everything out of stocks on 7/6/11, and sought refuge in G and F. Great right??? Well I was pretty happy about those events, then after the 6% drop last Thursday, decided it was time to get back in and get my feet wet, so I went 25% and 25% S / I, and kept the rest on the sidelines to jump in with if there was another drop... But was pretty confident was getting in at a reaasonable level...
After jumping in, saw the shark swimming around (downgraded credit rating), and feel like i'm in over my head... The good news is i'm only in 50%, and missed the first 20% decrease in the last two weeks, but the bad news I'm overly nervous and want to jump back out... My gut tells me seek safety, but my head reminds me everytime I've done that in the past it's burned me, plus if I get out tomorrow, that will be my 2nd IFT and will be out for the rest of the month... I feel like there is still money to be made by sticking it out and buying in with the rest later in the month, but I am pretty new at this and not so confident with that strategy...
Do you think I should:
- stick it out and buy in with the rest later in the month.
- get out and wait till next month (if this option, should I look for a bouce or just get out ASAP)
- or maybe pull out say 20% now (leaving 30%) and then sell any bouces that may occur.
