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I don't think that's the reason...
Lot's of folks have pretty good lives.
I don't think that's the reason...
The reason they keep disputing?
Eh, why not? Other people think they might have an answer too.
The market has longer than that if the democrats keep ing it up. This could be a second great depression the way they're going.
so should i stop contributing to my 401k or not?
So they get the credit for any increases too. We'll remember your theory.
#1. Never take financial advice from asshats on a message board.
#2. You don't absolutely have to be in the stock market in your 401k, or least, not in the strictest sense, not totally. You've got options...or at least you should.
You say that as if, when the markets recover and rebound, he would admit that he might have been wrong, and give up his illogical bias.
No.
We are close to the bottom, but the bottom is still illusive. Some day, the markets will return. If I recall, it's about 6800, rebounded a bit. Consider if you invested $1,000 into the market. If they follow the market and go back to say Dow of 14000, these stocks are now worth over $2,000. Buy low. If you wait for the recovery, you wont make the profit. Now of course, this is for long term investing. Not short term.
Since I changed jobs, my old 401k funds have lost about 40% or more and my new investments have been in Security Investments, which have made just under 1%. I'm simply letting the stocks I already have ride it out because I know they will recover. At some point soon, I will roll all those security investments into stocks, and make all my biweekly contributions go to stocks as well. I just haven't decided when is the right time yet. I'm expecting to see below a 6000 on the Dow, but I could be wrong. I actually expect it to drop as low as 5000, but I will place it in at 6000 if it goes that low, so I don't miss a good buying point. If it breaks 7000 however, maybe I'm wrong, and I'll consider putting it in then. It's just hard to say. The market responds fast to democrat policies in the negative, and slow to positive signs. I really think it will still go lower with this congress and president.
Should I give them credit for this one day uptick before I see how far it drops again?
The markets have been falling since after the democrats took over congress in 2007 and started ins uting their policies. I don't expect to see a recovery until either they see how bad they ed up, or until the people are fed up with democrats and elect republicans again in 2010. I see a good two years or more of buying stocks at low prices. I just have to figure out when to start buying in.
If by some miracle, the democrats do turn this market around. Yes, I will be dumbfounded and give them credit. I just don't expect it to happen unless they change the approach they have. Their approach is disastrous.
I think established wealth -- especially the liberals like Buffet, Welch, et. al.; are trying to put a stop to the madness without looking like the fools they were to support Obama in the first place.
Right now, I think they are trying to stop the madness before He s it up even more. So, if there's a turn around, it'll be free marketers who have pinned Obama to the mat.
I won't be anything Obama's done...except fail, of course.
That's a load of ignorance stuffed in three paragraphs.
Tell us all what specific policies in 2007 started the decline in stocks.
Please post your evidence for this.
It's not any particular policy, but the at ude the democrats bring about. Talk of increasing taxes and regulations especially. It has to do with market confidence, and how investors think the laws will change.
That's a load of ignorance stuffed in three paragraphs.
Tell us all what specific policies in 2007 started the decline in stocks.
Don't laugh, he's right. I know when I choose my investments I look at political statements before general economic or company indicators. The health of the world financial sector is worth much less to my decisions than what Obama says.
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