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Stock Market - pull out or stay in?

bobback

bobback

Well-known member
Lifetime Membership
Ok, I've ridden out the past year and hopefully have seen the bottom; on average down 50%.

I was thinking of pulling out about half of my investments now, and of course leaving half in, with plans of still investing so I have dollar cost averaging, then looking at putting that lump sum back in maybe another year. I almost think things will get worse before better.

What is everyone else doing?
 
at this point I don't see it going down below 7500. I think we have about hit bottom. It will flutuate and then start to stabalize around sept.

You road it to the bottom, don't know at this point, stay in, jump out.
No clue.

I jumped out when the market hit 10k. I only lost 10k out of the 97k I had in.
 
I was only down %37, but since my employer matched the %4 I paid in, I didn't actually "lose anything".

I just started a new 401(k) with my new employer and am getting a %6 match from that.

Honestly the only reason I am staying is will be the employer match. I guess the way I am looking at that is "insurance"....

I think I am gonna turn my old 401(k) into an indpendent Roth IRA so that I have both, and then manage the Roth IRA for short-term growth and leave the 401(k) more heavily invested in stocks for long-term growth ...

I dunno. I could just shoot myself in the face too, I dunno.
 
Dogmeat said:
I was only down %37, but since my employer matched the %4 I paid in, I didn't actually "lose anything".

I just started a new 401(k) with my new employer and am getting a %6 match from that.

Honestly the only reason I am staying is will be the employer match. I guess the way I am looking at that is "insurance"....

I think I am gonna turn my old 401(k) into an indpendent Roth IRA so that I have both, and then manage the Roth IRA for short-term growth and leave the 401(k) more heavily invested in stocks for long-term growth ...

I dunno. I could just shoot myself in the face too, I dunno.
Click to expand...

I don't think you can roll over your old 401k into a roth w/o tax penalities, i believe it has to go to an ira. Definately start a roth if you qualify, as since money goes in as non-deductible contribution, you can take out your contributions anytime tax free, penalty free, which is a great deal! Also, when you pull money out at retirement, this is tax free. I bet in the future the gov't is going to see how much money people have accumaulated in their roth's, and will figure out a way to tax them.
 
Ollie said:
at this point I don't see it going down below 7500. I think we have about hit bottom. It will flutuate and then start to stabalize around sept.

You road it to the bottom, don't know at this point, stay in, jump out.
No clue.

I jumped out when the market hit 10k. I only lost 10k out of the 97k I had in.
Click to expand...

Nice getting out at 10k! Have you put any back in yet?
 
bobback said:
Ok, I've ridden out the past year and hopefully have seen the bottom; on average down 50%.

I was thinking of pulling out about half of my investments now, and of course leaving half in, with plans of still investing so I have dollar cost averaging, then looking at putting that lump sum back in maybe another year. I almost think things will get worse before better.

What is everyone else doing?
Click to expand...

...man alive..those losses reflect penny stock losses...and at least penny stocks had huge upsides when they hit...pull half out...pick a winner ..single resource stock..in copper...zinc etc...when the commodity bounces back a good resource stock will quad your investment ..your back in the ball game...the resource stocks are at bottom now..and with the high risk resource stocks...every dog has its day....most of them have that day every few years..but some real good juniors out there with very high returns that will come about with the same time line as the big guys..
 
I don't think we've seen the bottom yet. I've got most of my money in cash (money markets) or CD's.

I figure it's better to make 4% than lose 50% in the next couple of years.

The economy is being heavily supported by the government, and Big Brother won't be able to continue doing that forever. Can you imagine where we'd be if they had let some of the banks and the Big 3 fail? (the answer: closer to a recovering economy).

Right now, they've put a bandaid on a bleeding artery and are praying that it works.

Attention Gov't: read Atlas Shrugged by Ayn Rand! It's eerily familiar with what the government is doing today (and it was written in 1957!).
 
Keep it all in! And invest even more!!!!! Seriously!!!
Disapline Disapline my freind!!! Now is the time to make great returns on your investment!!

Good luck!!
 
I'm in TSP and buying the high risk stuff like crazy, don't really care what it does for the next 5 years...I'll just keep plugging money in.

from "CNNmoney.com"
But I've got to hand it to the feds: When it comes to investing their own money for retirement, they really know what they're doing. In fact, the Thrift Savings Plan - the equivalent of a 401(k) plan for members of Congress and other government employees - is one of the best retirement plans around.

Consider this: The most that any fund in the Thrift Savings Plan charges in annual expenses is 0.05 percent, or $5 for every $10,000 invested. That's about 75 percent less than even what notorious skinflint Vanguard routinely charges for its index mutual funds. Keeping costs at this miserly level can dramatically boost your savings over time.


I've got 15k a year going into this thing, amazingly my losses havn't been that bad...I've contributed enough that I'm still gaining dollars. My shares are climbing fast since I'm buying them so cheap though.
Click to expand...
 
I would tend to agree I don't think we have seen the worst of it yet. These Gov. bailout plans are in my opinion a temp. fix. I think WAYYYY to many people have overspent. They are upside down in their cars and their homes. They have maxed out their credit cards, that's cards not card like it should be. I don't see how any reasonable person can think there is ANY fix for this that isn't going to take a few years to turn around.

I had a very close friend who owns a large car dealership tell me this past weekend how tough the banks are being on the dealers now. I actually started laughing at him when he told me this. He went on to tell me how banks really don't care about your credit score anymore as much as they do about your income to debt ratio. Ummm yeah and your point is????? It's a good thing we are close friends because i'm pretty sure he was alittle pissed at me when I told him yeah ok but thats how it should be ALL the time, period!!!
 
Why pay the sales charge of stock shares etc. when they are at a low only to pay the sales charges again a few months later. Everything is on sale now and as any broker will tell you you don't cash out when things are so low priced. If anything you buy more if you have the ability at this low price. If anything you missed your window to get out when things started to drop and rebuy when they took the big drop. You are now comitted with the chips you have vested until things recover.
 
OMG... that translates BEST to what my investments have been doing to me... LOL.

and we are NOT at the bottom. Prepare to be amazed. there are going to be a lot of casualties from this mess. :(
 
How long do you have until retirement? If you have more than 5 years I would stay in and add money when possible. If your worried about further losses I would Sell S&P futures to hedge my portfolio while still allowing you to get the dividends. My opinion is the market has bottemed, but if january is a down month we could be headed lower. 92% of the time the year follows the month of January, down Jan. down year and up Jan. up year.
 
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