Posted on 03/03/2009 8:24:25 AM PST by Jabrown
As the Dow dropped to a 12 year low yesterday, many retirees and near-retirement baby boomers who have remained invested in the market are seeing their lifelong savings drop like a rock. The struggle for those without the insight to move out at much higher values is whether or not to continue to hold. I hate to say it, but the more than 50% drop in the market has created a mindset among many investors that they must now hold their current financial positions in hopes of a quick recovery. The truth, however, is that now is the time that everyone should be considering a comprehensive review of the retirement, education and other savings and re-evaluating their risk/reward positions.
It’s easy to make no changes, after all during a typical recession the vast majority of the market recovery comes in the months immediately following the end of the recession. This recession, however, is not you typical recession. The government is injecting itself...
(Excerpt) Read more at politicallydrunk.blogspot.com ...
funny enough, it’s real estate.
Which is where Benny and the Jets have been steering this to save the banks
“they must now hold their current financial positions in hopes of a quick recovery”.....
NO quick recovery here!....This idiot president and his band of bozos are going to ride every damn thing into the ground!
i bought a really nice 3/1 110 sq ft house in palmdale ca for 54k cash.
It sold for 200k in 05.
It is rented out for $800
Looking to buy a few more.
I invested everything in forclosure signs.
Timeline Jan 20, 2009 11:59 EST
DOW 8141.6
NASDAQ 1484.
S&P 829.50
GOLD 800.00
OIL 39.16
local NC regular gas 183.9
Change,,HA ! nothing here. move along .. BLOAT
But the market is up today!....Isn’t this a sign that Hussein is saving us???/s
There’s no place to hide. The socialists must induce some intense inflation to force people to spend. Saving and investing won’t be able to keep pace with what’s coming no matter where you put it.
Investors have no confidence in Obama and his disastrous policies. The market is indicating that no confidence vote. There is no consumer confidence either.
Obambi can’t blame Bush any more. This is his economy now and he knows it and lyin about it aint gonna do him any good.
We are buying a plot of land and putting a garden on it.
We’ve talked about it for a long time but now before the dollar drops, we are making it happen.
I’ve been looking to do the same. Are you doing it in a city or in a rural area?
We are looking an hour south of us in Ohio. It’s rural. Maybe hunting land if we can get enough of it. But some planting land for sure.
We figure that we will get a load of stones, clear a spot for our camper, bring water and a generator (if there is no electric and water) and set up a garden that we can tend on the weekends.
There is a great survival thread going here. I’m going to can and dry what we grow. Maybe a nice deer or wild pig will come to us. Or I can make a deal with a farmer to take a few chickens that we raise, when we have to go home for the winter. Who knows?
So far, The Marxist Onada has shown little or no interest in what is happening on Wall Street. The question is why?
IMHO I think he is encouraging the sell off and hoping that people buy government instruments. It’s one way to drain the private sector and fill government coffers.
If anyone has a better explanation I’s like to hear it.
It is now DOWN.
I live in a small city (pop. 80K) and was thinking of getting something in town for that purpose but have to investigate if there will be any troublesome zoning issues or if the property taxes on ‘unimproved’ land will make it cost prohibitive.
Which thread?
The answer to that question is yes. Dollar-Bullish ETFs are soaring, since the dollar is the world's foundation currency, and will be the last to disintegrate (Obama be damned!)
The Dalbar studies - which by all the ought to give real pause the people who confidently predict individual investors would for example outperform Social Security - not only show that retail investors have miserable average returns on equity investments, but also on bonds and even T-bills!
The reason for this is primarily that retail investors tend to be market timers, and tend to be terrible at it.
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