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well you can try but most of us who have tried this time and time again know how it usually ends up for us. had we just rebalanced or bought more we typically end up further ahead then trying to outsmart things.
MORE OFTON THEN NOT THINGS WE ALL THINK ARE A GIVEN TO HAPPEN DONT AND THE MARKETS WILL TAKE OFF WITH OUT YOU LEAVING YOU BEHIND .
then you will become one of the doom and gloomers still waiting for that day things fall so you can get back in and say see i was right.
Last edited by mathjak107; 12-01-2012 at 10:29 AM..
well you can try but most of us who have tried this time and time again know how it usually ends up for us. had we just rebalanced or bought more we typically end up further ahead then trying to outsmart things.
MORE OFTON THEN NOT THINGS WE ALL THINK ARE A GIVEN TO HAPPEN DONT AND THE MARKETS WILL TAKE OFF WITH OUT YOU LEAVING YOU BEHIND .
then you will become one of the doom and gloomers still waiting for that day things fall so you can get back in and say see i was right.
I know what you are saying, almost every time I try to beat the street it never works out. I sell and then it goes break out. LOL I have taken the idea you give. I keep my investments well deversified stocks and wait and just buy in the dips. This seems to be working for me as of yesterday I am up about a grand since starting my investing just under a year ago. I am a bit weighted into oil and would be up much more but that sector is down a bit. So I am waiting to invest more money as CDs are paying nothing and if a dip does come I will be ready. Stocks that are already down some if the cliff does happen I will pounce of the buys. I don't like things like Facebook and if I had to would bet short not long.
You're confusing the chicken for the egg. When Clinton took office in 1993, the economy was weak. He inherited a recession from Bush Sr. Ummm.....that's why Clinton won, right? "It's the economy, stupid." Clinton started with a weak economy, then raised taxes which wiped out the deficit and gave us the bull market of the 1990s. Imagine that.
It's not the same situation today. More and more are drawing Social Security & Medicare. Those 2 programs alone will consume the whole Federal budget if they are not reformed. We have a lot of old people to support and not as many young people coming up behind them to support them. That will be a major drag on economic growth. Simply jacking up taxes is not going to fix it. Even the liberal economists admit this.
I am not smart enough to figure out where to put it so I will just keep doing what I always do, keep contributing to a diversified portfolio of stocks, bonds,securities, 401k , Roth IRA, and just a smidgen of gold and silver on the side and try to ride all the government stupidity out, assuming that ride ends sometime.
my opinion is nothing will take down those systems. as fast as they can fund a war those 2 systems that are so much a part of our base and culture are to big to fail.
they may change things a bit but if anything ever happened to the system the riots and unrest in this country would make the mid-east look like a day in the park.
Where to put my money if Fiscal Cliff happens?
I am wondering if I have a few Mutual Funds and a 401k, if I should place some of that money in to bonds vs stock market, and lower my risk. Just looking at worst case, where would be the best place for my money.
Buy gold and hide it where no one else will find it.
Where to put my money if Fiscal Cliff happens?
I am wondering if I have a few Mutual Funds and a 401k, if I should place some of that money in to bonds vs stock market, and lower my risk. Just looking at worst case, where would be the best place for my money.
I'm 48 and my IRA is 42% bonds and the remainder moderate mutual funds. I'm considering moving to cash, but I see the pros and cons. My advisor wants me to focus on long term, but?
Any comments? My 401k is small and I don't want to lose it all. Lost some in 2008 and it's been in cash until September when I rolled over to Edward Jones. I'm very anxious and don't know what to do.
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Stock Portfolio - Move to Cash?
