Quote:
Originally Posted by After Shock Media
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.
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You dont take your money out for little drops here and there... But when you know or strongly think that shit is going to hit the fan, taking the fall is not needed, you can put back that money when things have hit rock bottom and make a bigger gain...
some economists, who have been right so far are evoking the possibility of another great depression... If you are certain all will be fine, then keep your money where its at.. otherwise why keep it there?
btw, during a real tough time, possibly a great depression, why should you care about the prospect of your mutual fond climbing back and making gains in the future when your MF is down to 30% of its value, and that when you need money the most?