Quote:
Originally Posted by xxxdesign-net
get out and put it back when things are more stable or when you think it has reach rock bottom.... sure it will go back up in a few years but why take a fall if you dont need to?
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Quote:
Originally Posted by NTSS
That's good advice and exactly what I just did. I moved it over to something very stable. I'll move it back when things look better. I'm not going to take another loss when I know it can be kept safe.
But thank you guys for confirming that most are losing money now.
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Explain how taking it out was good advice, that would of hard set your loss. The money is all virtual so to speak until you cash out. For most they should not need access to that money until they are retired or around 60/65 years of age. Dumping it now and concerning yourself with short term market losses is not thinking long term. Unless your fund is and was based on a high risk portfolio in the first place which would of been not that wise anyways.
Yes I have money that is technically down. Also have some shit that is locked in at 5%, then have some in gold and the like that has grown a great deal. I am still buying stocks, still doing the maximum allowance into my Roth IRA, and such too.