Money Tip-toeing back into the Market? - Page 3

Amnorix · 10-10-2008, 02:05 PM

Is anyone else considering (or has already) tip-toeing back into the market. I have a long-term outlook, so mostly I'm ignoring the recent destruction while shuddering at the numbers and aggressively not reviewing my various statements.

But it seems like we MUST be pretty darn close to bottom. I put the slightest sliver of a toenail back in late this afternoon, but admit I'm not an aggressive fellow when it comes to money management, so I'm leery about exposing myself more than I already am.

What the consensus ye Planeteers? Anybody else considering this? Eyeing specific stocks?

KC Jones · 10-11-2008, 09:17 AM

You know what would have been awesome - was if I could go back to February and had moved my 401k into CDs and one of the few stable value funds I can pick from...

jspchief · 10-11-2008, 09:50 AM

The market was at a record high 366 days ago. Things can move pretty fast.

IMO, unless you are retiring in the next 5-10 years, the potential for reward is greater than the potential for loss at this point.

The real problem is too many people have started viewing the market as a source of short term income, instead of viewing it as the long term investment that it is.

10-10-2008, 02:05 PM
Amnorix In BB I trust Join Date: May 2003 Location: Boston, Mass. Casino cash: $10029808	Tip-toeing back into the Market? Is anyone else considering (or has already) tip-toeing back into the market. I have a long-term outlook, so mostly I'm ignoring the recent destruction while shuddering at the numbers and aggressively not reviewing my various statements. But it seems like we MUST be pretty darn close to bottom. I put the slightest sliver of a toenail back in late this afternoon, but admit I'm not an aggressive fellow when it comes to money management, so I'm leery about exposing myself more than I already am. What the consensus ye Planeteers? Anybody else considering this? Eyeing specific stocks?
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10-11-2008, 09:17 AM	#31
KC Jones Genious Join Date: Aug 2000 Location: Colorado Casino cash: $10012761	You know what would have been awesome - was if I could go back to February and had moved my 401k into CDs and one of the few stable value funds I can pick from... Attached Thumbnails __________________ re-sign: to sign again resign: to withdraw from employment
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10-11-2008, 09:50 AM	#32
jspchief BAMF Join Date: Apr 2004 Location: Your Face Casino cash: $9998710	The market was at a record high 366 days ago. Things can move pretty fast. IMO, unless you are retiring in the next 5-10 years, the potential for reward is greater than the potential for loss at this point. The real problem is too many people have started viewing the market as a source of short term income, instead of viewing it as the long term investment that it is. __________________ Courage is not the absence of fear but rather the judgment that something is more important than fear. The brave may not live forever but the cautious do not live at all.
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