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If you are doing anything else besides standard rebalancing in today's market, then you are clearly not invested correctly per your risk tolerance....
If you have a majority of your portfolio in equities, then these fluctuations are NOT uncommon....
fluctuations not uncommon yes, I agree. But what we have happening today is what many believe are the end of times. If our big brother, daddy government does not handle this situation JUST right, I believe it very well may be the end of times. "A bag of gold won't buy a loaf of bread." Think about it........
No plans... although it is tempting to cash it out and take the hit in my taxes and eliminate all of my debt. Reduce my exposure but eliminate my retirement. But I won't.
NO. But reallocation is my next step. I'm thinking about increasing foreign exposure (if the markets hold) as thats where the growth seems to be in the forseeable future. There are some suggesting a move to cash as current situation may get worse in the next 6 months.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Originally Posted by Oildog
NO. But reallocation is my next step. I'm thinking about increasing foreign exposure (if the markets hold) as thats where the growth seems to be in the forseeable future. There are some suggesting a move to cash as current situation may get worse in the next 6 months.
I have a pretty large foreign exposure, but be careful. It often follows the USA by a few months, tho recently got pretty beat up as well.
This world economy thing is gonna play out differently this time. The US has been the largest consumer nation, and has previously paid its bills and been a good place for foreigners to stash investments and buy assets. Not so, when we let the 'raiders' gut our value (or over-inflate), and we lost many of our core competencies. The pendulum swings, and how I wish I were in a better position to not get whacked. (Ouch, this is gonna hurt... no more income, and 40 more yrs in retirement)
Too bad we can't take 401k losses off income tax, I WILL be doing that in my 'non-qualified' accts to offset some capital gains from selling my investment props earlier in the yr.
I moved out of stocks about a year ago. Although, I think if I didn't do it already I would still do it today. It is my view that stocks are going to be weak for awhile.
A lot of investment theory is based on the stock market over the last 20-30 years, when you look back further some of it seems a bit odd. When people start talking about "being in for the long haul", I can't help but think "sucker".
fluctuations not uncommon yes, I agree. But what we have happening today is what many believe are the end of times. If our big brother, daddy government does not handle this situation JUST right, I believe it very well may be the end of times. "A bag of gold won't buy a loaf of bread." Think about it........
the worst advice someone could give is that its "different this time".
the bear market of 00-02 had a bigger drop than we've had recently....
20-30 years from now this like all other dips will be considered "noise".
Sorry to hear your panicking now.....
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