tiny.cc/EhVXf -> finance.yahoo.com/tech-ticker/article/242971/March-Lows-a-%22Textbook-Bottom,%22-Buy-the-Dips,-Says-Schwab-Funds-CIO
yours truly), Mortimer's advice is simple: dollar-cost average into stocks and use pullbacks to increase equity exposure to levels appropriate to your age and risk tolerance.
report abuse you buddy - Thursday May 07, 2009 08:58AM EDT Theft and fraud keep Pumping you will get more dollars but this too will come to and end. I certainly enjoy the ride up, however since I cashed out my 401K and paid the taxes and penalty now I can move in and out of the market much quicker and do not have to take teh losses on the down days. Since cashing out I have been able to recover 30% of the last years losses.
Finance User - Thursday May 07, 2009 09:00AM EDT Nice to hear that we may have seen the bottom. Good to look to buy American made stuff maybe from some of these small cap domestic compaines...
report abuse you mogleytheman - Thursday May 07, 2009 09:00AM EDT YEAH A Classic bottom on March 9th eh? We shall see :) I predict that while yes everyone is waiting to buy the dip so you have pent up demand just dying for a major correction it won't happen!
report abuse you cpgone - Thursday May 07, 2009 09:21AM EDT I wonder if they will find this pumper when it crashes. This farce will continue to DOW 9000-ish , then crash to new lows.
report abuse insideinsite insideinsite - Thursday May 07, 2009 09:25AM EDT Aaron - you and Henry still just don't get it do you. I'm actually surprised that neither you or Henry don't understand how the market really works.
Finance User - Thursday May 07, 2009 09:37AM EDT We may not retest the lows, but I don't see how the economy can recover with a Marxist in charge. Cap and trade, government healthcare, punishing the job producers, we're headed for a decade of poverty and stagnation like England in the 70's.
report abuse you Dan C - Thursday May 07, 2009 09:40AM EDT Dont think we'll see the lows again, but we could have a 10% pull back or so down to 800. I wouldn't be mroe than 60% long equities IMO For people with a long term 10+ year time horizon, these levels look attractive. in 1997 we didn't have all this greed and leverage, yet the market was around where it is now. Or you could wait till everything is great and buy at S&P 1300. There is downside risk, but only in the short term 1 year or so.
report abuse you Dan C - Thursday May 07, 2009 09:40AM EDT Dont think we'll see the lows again, but we could have a 10% pull back or so down to 800. I wouldn't be mroe than 60% long equities IMO For people with a long term 10+ year time horizon, these levels look attractive. in 1997 we didn't have all this greed and leverage, yet the market was around where it is now. Or you could wait till everything is great and buy at S&P 1300. There is downside risk, but only in the short term 1 year or so.
report abuse you dlryan63 - Thursday May 07, 2009 09:42AM EDT napp96- I have been thinking about doing the same with my 401k as far as cashing out and taking the hit on the taxes. My logic is the Government will eventually raise the tax rate on withdrawn 401k money and I would rather pay the 10% than 15 or 20 later on.
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