Replies

Once a person turns fifty and from that point forward if the DOW hits an all time high, you exit the market. Anyone who is retired and has their “nest egg” in anything but a capital preservation fund is foolish.

I really gotta disagree with you on that one. See #105.

109 posted on 12/16/2008 8:23:09 AM PST by Alberta's Child (I'm out on the outskirts of nowhere . . . with ghosts on my trail, chasing me there.)

To: Alberta's Child

Tell that to Bette Greenfield.

Some experts are saying that it will take 20 years for the DOW to go back to it high. Anyone think the NASDAQ will ever see 5,000 again?

I don’t listen to financial advisors. I am probably down around 40 ~ 45 percent in my 404k. That’s alright. I am fifty and have time on my side. Buying each month now at these prices is a gift.

But I will be out of the market and into stable investments before I retire. And if the markets come back and hit new highs before then, I’ll be out on that note, also.

That’s my stra tee gerie.

138 posted on 12/16/2008 9:03:58 AM PST by CodeJockey (If you can read this thank a teacher, if you can read it in English thank a Soldier.)

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