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Author: Subject: Informal Poll on Investments

Peach Master





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  posted on 10/24/2008 at 10:05 AM
I feel kind of crass posting this, butÖ

For those of you with 401 K plans (or other investments):

Are you riding out the decline and waiting for the rebound or have you sold?

(Iím riding it out in my 401K, but have sold most of my stocks outside the 401K)

 
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Zen Peach



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  posted on 10/24/2008 at 10:10 AM
Riding it out...not because I'm clever or savoy, but why sell now when prices are low?
Also - I'm lazy and don't think about my accounts often and by the time I would have realized that a downturn would be this severe, it would be too late.

Also (more laziness) I don't have any individual stocks - just Mutual Funds that are those blended investment type targeted for a retirement year things - set for 2020, 2030 and 2040....with most money in the 2020 one.

I'm still having those monthly automatic deposits into those accounts too....

[Edited on 10/24/2008 by Benjamin]

 
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True Peach



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  posted on 10/24/2008 at 10:14 AM
Letting 'em ride, and actually bought on some of the downturns. But I can't look, to see how bad it is! Trying to be courageous.

 

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Zen Peach



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  posted on 10/24/2008 at 10:17 AM
Riding it out. I am planning on retiring 'not too far in future hopefully' so I had rebalanced my investments earlier this year and it's making some of what's happening currently a little easier personally (but not much )

 

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Maximum Peach



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  posted on 10/24/2008 at 10:19 AM
I recenlty changed jobs, and when I rolled over my prior 401k, I liquidated everything and rolled it into a 4% IRA cd to wait and see. I also have a stock fund, and I have made some moves selling and bying within that account but have not sold all of my stock holdings. I watch this account pretty carefully.

 

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True Peach



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  posted on 10/24/2008 at 10:21 AM
Keep plugging away. I do not know your financial situation. I would not do anything drastic. The taxman lerks in the shadows with that 10% penalty smile on his face. Then you have to pay tax on it all. If you are use to getting refunds from the IRS, say goodbye to those. At least this years return. But your gonna pay probably 30-40% in taxes on the total amount if not more.
You may redirect some of the money your contributiing to another investment, but don't forget about the matching amount from your employer.

Some folks are buying more stock. It just depends on your financial comfort level........

 

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Peach Master



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  posted on 10/24/2008 at 10:26 AM
90% cash since last november. other 10% was in gold etf... that didn't work out as well as expected. we've likely have been in a recession since Jan 08 which will last at least into the middle of next year. Stock market tends to bottom a few months before the end of a recession... that said, market probably doesn't bottom out until the end of the first Qtr of next year.

 

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True Peach



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  posted on 10/24/2008 at 10:42 AM
What was the name of that great Cowboy album? "Why Quit When You're Losing?".
Too late to bail now. Remember: buy low-sell high. If you get out now, you're more than likely shooting yourself in the wallet. 10-year horizon. It ain't for the squeemish, but you've gotta hang tough!

 

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Peach Extraordinaire



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  posted on 10/24/2008 at 11:13 AM
Personal Rate of Return from 01/01/2008 to 10/22/2008 is -34.6% from the 401K

I also am I DRIP investor have about 30 indivdual stocks ranging in a few shares to 100's of shares in various companies such as GM, GE, Verizon, Wally World, Exxon etc etc.

Riding it out it dropped so fast and furious it seemed foolish to do anything but. I have lost my A$$ one year annual salary plus.

Instead of putting in 15% I recently upped mine to 18% to take advantage of the lower priced stocks.

[Edited on 10/24/2008 by phillybob]

 

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Ultimate Peach



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  posted on 10/24/2008 at 11:15 AM
Hangin' in there, not looking.
 

Zen Peach



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  posted on 10/24/2008 at 11:52 AM
quote:
Hangin' in there, not looking.


'Zactly what I'm doing. Still putting 14% of my salary in, but I haven't had a look in a couple of months and probably won't for some time.


 
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World Class Peach



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  posted on 10/24/2008 at 11:54 AM
Keeping my savings under the mattress.




an added benefit is the copper helps with arthritis...

 

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True Peach



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  posted on 10/24/2008 at 11:58 AM
quote:
Keeping my savings under the mattress.




an added benefit is the copper helps with arthritis...




Do you a distance jingle in the night???

I bet that is one heavy mattress.............

 

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