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.
Metals. Brass and lead are looking like increasingly good choices. They allow direct food collection.
What good does it do to rebalance before trading? Shouldn’t it have been rebalanced before 4 pm last Friday? I’m just asking, ‘cause I’d like to know, too.
Can you even make changes outside of trading hours? Or will the changed be made at the end of business today and you might get killed based on today’s market?
My portfolio is 50% stock, 20% Gold, 20% Bonds and 10% cash. I think I will reduce the stock another 10% and put it in bonds. Greenspan said the US Govt will never default T-bills since they can always print money. /sarc.
That’s what I was asking. What is done earlier today, will be acted upon at the close of the market today. Last Friday should have been the day for action.
Our broker recommended pulling out of all stocks until this blows over...fortunately we did this two weeks ago.
Wow, you’re brave. Those 50% in stocks would be scaring me right now. Does depend on what they are in I guess.
Yeah, bonds will work out just great. /sarc
With the levels of market manipulation, corruption and chaos in the system, you are better off investing in lottery tickets.
Personally, I think that this is either TEOTWAWKI (low chance) or a deliberate market manipulation to force a QE3 and tax hikes. In either case, money out of the system is money kept. In the event of the first, you can invest in barter items, in the event of the latter, you have cash to buy in when QE3 artificially inflates stock prices.
Wash, rinse, repeat.
It depends. How long do you have until retirement? If a long time (10+ years), you should be in US stocks, emerging market stocks, real estate and hi yield bonds. (Some gold or gold stocks a good thing.) Buying opportunities in the weeks to come. If less than 10 yrs, a much more heavily skew toward bonds is advisable, depending on your total assets.
What’s the point of running around blindly now (or at any time, for that matter)? My plan is to do nothing. If you have money you don’t mind losing, today would probably be a great time for that to happen.
Depends on your investments and whether you are set up to do after hours trading. Stocks and ETFs can do after hours trading, not mutual funds, typically.
“Our broker recommended pulling out of all stocks until this blows over...fortunately we did this two weeks ago.”
You have an honest broker willing to put your interests ahead of his. A keeper.
Ours tried to talk us out of it. We had to go to him.
Thanks for the answer.
You are correct about the timing.
Unfortunately, last Friday I switched some out of PIMCO total return and into COL/SLGM COMM&INFO A (Specialty stock blend, mostly tech). Guess I’ll just pray and strap in for the ride.
Gosh, I can’t wait until these children are voted out of office and we have some real men and women in Washington.
fixed rate or money market- THANKFULLY i moved a huge amount of my 401K money into the fixed rate thursday- suffered through the drop but i just had a bad feeling...
I’m not sure at the moment if it makes a heck of a difference one way or the other. Right now unless you are 100% in gold and plan to sell before gold goes down, whenever that will be, you should be able to track all the negative numbers you will be dealing in.
Frankly, if you were all in cash, the loss due to inflation would be less than the market loss. Since 2008 the effing black crook in the white house has cost me a bundle on paper. I’m not sure I will survive another four years of Mr marxist, financially or otherwise. He has the advantage, he’s a lot younger.
Smart man. Evaluate your assets against your plan AFTER the market shift.
Groceries...
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