Comments on: Poll: Have You Pulled Out of the Stock Market? http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/ Helping a unique generation achieve financial independence. Thu, 09 Feb 2012 03:12:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Leigherton http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-123621 Leigherton Sun, 03 Jan 2010 23:46:38 +0000 http://genxfinance.com/?p=1357#comment-123621 My husband and I are 56 and 57. We pulled out of the stock market about 80% in the first five months of 2008. We have made back about 50% through salaries, a small interest in the 20% stock we do have and cutting back our expenses.... My husband and I are 56 and 57. We pulled out of the stock market about 80% in the first five months of 2008. We have made back about 50% through salaries, a small interest in the 20% stock we do have and cutting back our expenses….

]]> By: Chris http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108589 Chris Wed, 04 Mar 2009 19:43:03 +0000 http://genxfinance.com/?p=1357#comment-108589 I upped my 401k and am nibbling at the EFA and EEM right now.. My allocation also changed a bit with the inclusion of some foreign fixed and the PFF. I upped my 401k and am nibbling at the EFA and EEM right now.. My allocation also changed a bit with the inclusion of some foreign fixed and the PFF.

]]> By: Eves Bank http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108315 Eves Bank Tue, 03 Mar 2009 01:16:17 +0000 http://genxfinance.com/?p=1357#comment-108315 This is an article for debate. I do agree - buy low and sell high. The economy is always in cycles, right now is a pretty good time to buy undervalue stocks and wait for the market it pick up. This is an article for debate. I do agree – buy low and sell high. The economy is always in cycles, right now is a pretty good time to buy undervalue stocks and wait for the market it pick up.

]]> By: financePHI http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108312 financePHI Tue, 03 Mar 2009 00:00:49 +0000 http://genxfinance.com/?p=1357#comment-108312 There are two schools of thought: 1. If you sell, you lock in your losses 2. If you hold, you may see steeper losses in the short term I would advise that since you have already taken such a big hit, wait for the recovery. However, since you are and your husband are much older and may need the money soon, you need to see whether or not any unseen short-term expenses can be covered by your emergency fund. If not, I would definitely wait. There are two schools of thought:
1. If you sell, you lock in your losses
2. If you hold, you may see steeper losses in the short term

I would advise that since you have already taken such a big hit, wait for the recovery. However, since you are and your husband are much older and may need the money soon, you need to see whether or not any unseen short-term expenses can be covered by your emergency fund. If not, I would definitely wait.

]]> By: DEBORAH STEIN http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108263 DEBORAH STEIN Mon, 02 Mar 2009 16:19:17 +0000 http://genxfinance.com/?p=1357#comment-108263 I AM 61 ON DISABILITY AND MY HUSBAND IS 81. WE ARE FORTUNATE THAT WE PUT MONEY ASIDE AND WILL BE ABLE TO LIVE ON THAT FOR 2-3 YEARS. OUR PORTFOLIO IS DOWN ALMOST 50% RIGHT NOW. I NEED TO GET OUT OF SOME MONEY MANAGED STOCK ACCOUNTS BUT FEAR THIS IS NOT THE TIME TO TOUCH ANYTHING. IF WE DON'T NEED IT DON'T TOUCH IT NOW. WHAT ADVISE DO YOU HAVE? I AM 61 ON DISABILITY AND MY HUSBAND IS 81. WE ARE FORTUNATE THAT WE PUT MONEY ASIDE AND WILL BE ABLE TO LIVE ON THAT FOR 2-3 YEARS. OUR PORTFOLIO IS DOWN ALMOST 50% RIGHT NOW. I NEED TO GET OUT OF SOME MONEY MANAGED STOCK ACCOUNTS BUT FEAR THIS IS NOT THE TIME TO TOUCH ANYTHING. IF WE DON’T NEED IT DON’T TOUCH IT NOW. WHAT ADVISE DO YOU HAVE?

]]> By: DEBORAH STEIN http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108261 DEBORAH STEIN Mon, 02 Mar 2009 16:16:07 +0000 http://genxfinance.com/?p=1357#comment-108261 I AM 61 AND MY HUSBAND IS 81. WE ARE NOT WORKING AND I AM ON DISABILITY. WE HAVE MONEY PUT ASIDE TO LIVE CAREFULLY FOR 2-3 YEARS WITHOUT TOUCHING ANY INVESTMENTS. OUR PORTFOLIO IS TOO AGGRESIVE IN MANAGED STOCKS BUT WE ARE NOW ABOUT 48-50% DOWN ON PAPER. I FEEL WE ARE BEST TO JUST LEAVE THINGS UNTOUCHED FOR NOW UNTIL THINGS GET A LITTLE BETTER. I AM AFRAID TO TOUCH ANYTHING IF WE DON'T NEED IT FOR A WHILE. HELP? I AM 61 AND MY HUSBAND IS 81. WE ARE NOT WORKING AND I AM ON DISABILITY. WE HAVE MONEY PUT ASIDE TO LIVE CAREFULLY FOR 2-3 YEARS WITHOUT TOUCHING ANY INVESTMENTS. OUR PORTFOLIO IS TOO AGGRESIVE IN MANAGED STOCKS BUT WE ARE NOW ABOUT 48-50% DOWN ON PAPER. I FEEL WE ARE BEST TO JUST LEAVE THINGS UNTOUCHED FOR NOW UNTIL THINGS GET A LITTLE BETTER. I AM AFRAID TO TOUCH ANYTHING IF WE DON’T NEED IT FOR A WHILE. HELP?

]]> By: American Fool http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108130 American Fool Fri, 27 Feb 2009 23:44:21 +0000 http://genxfinance.com/?p=1357#comment-108130 On other fronts, we had 4 semi-emergencies, which add up to one emptied emergency fund. Lousy timing. I've reduced 401K contributions to the matching level, trying to build the emer fund back up. It's really amazing how fast you can go illiquid, thank god I had the emergency fund or I'd be 30 grand in debt. BTW assuming you own your house, get a heloc if you can. Don't borrow against it. Just have it there. If you have that $20K emergency, it's way better to pay it off at 4 or 5% vs 20% or more for credit cards. On other fronts, we had 4 semi-emergencies, which add up to one emptied emergency fund. Lousy timing. I’ve reduced 401K contributions to the matching level, trying to build the emer fund back up. It’s really amazing how fast you can go illiquid, thank god I had the emergency fund or I’d be 30 grand in debt. BTW assuming you own your house, get a heloc if you can. Don’t borrow against it. Just have it there. If you have that $20K emergency, it’s way better to pay it off at 4 or 5% vs 20% or more for credit cards.

]]> By: American Fool http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108127 American Fool Fri, 27 Feb 2009 23:31:06 +0000 http://genxfinance.com/?p=1357#comment-108127 I usu. am 80% core and 20% tactical w/ good results. My market research had me getting nervous late 2007, and I started to DCA out of equities. I've never done that before; I rode out the entire dot.com crash. However, I had resolved not to let that happen again. I lost 12.7% last year, not bad for a guy who was 100% equities to start 2007. Would've done better, but work overwhelmed me last Aug and I missed a scheduled move just before the major leg down. ah well. By Oct 08 I was 100% in my 'stable value' fund, like a money market. I have DCAd my way back to 10% equities, and diversified another 30% from stable value to TIPS/Treasuries/Corp Bonds, but I'm holding there until S&P 700 or July. Risk is still very high. So far this year I'm down 1.5% (S&P down 17%), so again I'm happy with these results. BTW I see S&P 600 before we recover, but it's in the realm of possibility we could dip below 400 (ugh!) - we still have level 3 asset issues in the US., not to mention the disaster of East European banks, another major round of mortgage resets, and the credit card fiasco is just starting. I usu. am 80% core and 20% tactical w/ good results. My market research had me getting nervous late 2007, and I started to DCA out of equities. I’ve never done that before; I rode out the entire dot.com crash. However, I had resolved not to let that happen again. I lost 12.7% last year, not bad for a guy who was 100% equities to start 2007. Would’ve done better, but work overwhelmed me last Aug and I missed a scheduled move just before the major leg down. ah well. By Oct 08 I was 100% in my ‘stable value’ fund, like a money market. I have DCAd my way back to 10% equities, and diversified another 30% from stable value to TIPS/Treasuries/Corp Bonds, but I’m holding there until S&P 700 or July. Risk is still very high. So far this year I’m down 1.5% (S&P down 17%), so again I’m happy with these results. BTW I see S&P 600 before we recover, but it’s in the realm of possibility we could dip below 400 (ugh!) – we still have level 3 asset issues in the US., not to mention the disaster of East European banks, another major round of mortgage resets, and the credit card fiasco is just starting.

]]> By: Savings account http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108067 Savings account Fri, 27 Feb 2009 11:32:00 +0000 http://genxfinance.com/?p=1357#comment-108067 Yep and its going to get worse thanks to the media spreading panic it as they lobied for the passage of the Wall Street Welfare bill. See SandySays1.wordpress.com to strike back. Yep and its going to get worse thanks to the media spreading panic it as they lobied for the passage of the Wall Street Welfare bill.
See SandySays1.wordpress.com to strike back.

]]> By: Trump Taj http://genxfinance.com/poll-have-you-pulled-out-of-the-stock-market/comment-page-1/#comment-108037 Trump Taj Fri, 27 Feb 2009 05:27:54 +0000 http://genxfinance.com/?p=1357#comment-108037 This could be a good chance to buy some stocks at rebates. This could be a good chance to buy some stocks at rebates.

]]>