Posted on 08/08/2011 5:55:42 AM PDT by NowApproachingMidnight
Greetings fellow FReepers,
What are the financial gurus thoughts this A.M. on the markets and the Obama-downgrade? Should our 401Ks be in Stocks or Bonds, both, what split?
I am with Fidelity, just looking to balance my profile before start of trading.
Two weeks ago I was 70% stock.
I am waiting for this dip to end then I will sell another 10% of the stock. I will get to about 30% by the end of the year.
If Gold dips the money will go into Gold, else Bonds. The AA thing doesn't bother me. Is China going to dump 1.5T in T-bills? That would be suicide.
I'm chicken.
Been in cash since March waiting for Barry to self-destruct.
Gosh, I can’t wait until these children are voted out of office and we have some real men and women in Washington.
You were where I stayed. Last Friday the PIMCO lost the most I'd seen, but where else to go?...stocks scare the bejeebees out of me, so I just settled.
Dennis Miller helps with: “...terminology of the marketplace, a bear market is one where I look at the personal portfolio that I have and I immediately run out into the woods and $#!^ myself.”
Check out Matthews India Fund and Matthews China Fund. Also, energy stocks and funds have been beat down lately.
Dennis Miller helps with: “...terminology of the marketplace, a bear market is one where I look at the personal portfolio that I have and I immediately run out into the woods and $#!^ myself.”
Just by coinkydink, I will be receiving a call from my Edward Jones gal later this morning. We set this up as a routine review before this latest feces hit the propellor. I will be interested to hear what she thinks this morning.
I currently have 30+ years of work left, assuming an age 65 retirement. Honestly, I doubt I will ever retire. I’d get bored!
Thanks for the great advice, by the way. I like the tech sector until the end of the year. I think it could be one of the few things that can pull this economy up.
Buy your 401k some flowers and chocolates.
Admit you were wrong, say you’ll try harder...
fortunately we did this two weeks ago.
That timing would have been just about right.
I moved ALL of my investments to fixed income a year ago-
Thought they were crazy then (may recall more U.S. treasuries TRYing to sell! on the open market- and they did
not get a lot of buyers) these Unholy, Unchristian-
Unamerican Thieves- are trying their damndest to destroy
America-monetarily&culturally-
Incidentally I began pulling my money out of the market at the beginning of the debt ceiling debate and was pretty much all cash by the vote and I'll be doing what I advised you from here on out...
You are already too late. The significant moves were made last night in Asia. The market will sell on the “panic” opening, and then it will probably bounce back.
In technical terms this downgrade is minimal compared to the meltdown in Europe.
If you don’t mind posting a brief synopsis here, that would be helpful. Nothing personal, just a thought.
Stuart Varney on FoxNews says the Market will open down about 250 points this morning.
You could put in a sell order for stocks before the market opens, but your sell price will be at the close of today's trading, which could be another bloodbath.
If you're long term (5+ years,) leave it alone.
MY goal is to be 30% stock by the end of the year. So any uptick I will be selling. I am late. But I can still break even, I think.
There’s more than one PIMCO. Mine lost $.18. Which isn’t huge, but as I said more than I’ve seen in the past two and a half years.
So do I. Companies have cash, but are loathe to hire people (Obamacare mostly). They are investing in tech to drive down their operating costs.
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