How prepared are you for retirement?

[DaneMcCloud]

Originally Posted by alnorth

If your time horizon is less than 10 years (sounds like it might be, since you are talking about maybe needing money?) then I agree, you should not be in stocks. At least not all in stocks.

If your horizon is longer than 10-15 years (and mine is, I dont care what happens, I'll go BK before I touch my retirement), then you probably should have at least a large chunk of stocks and just ignore the news.

You're not getting what I'm saying.

I had X amount in the market. In all honesty, I lost about 60% of my value in 2008. Four years later, with the market in the 13's, I've only recovered about 30% percent. Each and every day the market fell by a hundred points this year alone, I'd lose thousands.

The market is not going up. With uncertainty in Greece, Spain, France and even the Middle East, it could drop to 7,000 in a heartbeat, again.

I'd rather pay taxes on my income and either day trade or save the money in a MMA, than be subjected to some computer generated mutual fund created by TRowe Price or ****ing Edward Jones.