Market SUCKS!

[ActYourWage]

Unless one works directly with the stock market, one can't watch the stock market on a daily basis or one would go crazy...or be depressed.

[KTP]

A bit over 500 point drop today.

I couldn't even find solace in AFFY (a biotech stock). Almost everything was in the toilet.

I moved the wife's 401K to total stock market index fund and total bond fund in July. Went 60/40 stocks/bonds, but kind of wish I had gone 30/70 now. At the rate the market is falling, I might get there sooner than I would like.

[Slug]

Oh come on KTP, who needs solace when there's buying opportunities like these.

[tripods68]

Just came from my meeting and I see market turned more sour. Let's make Friday a good "FRIDAY". Otherwise I am pulling out 100% (Vanguard Target Fund) retirement account into cash reserve.

[maat55]

My Rant worked. Suprisingly the Market turned positive.

Cough...cough...

[humandraydel]

Otherwise I am pulling out 100% (Vanguard Target Fund) retirement account into cash reserve.

I'll buy your shares. The dividend yield on the S&P is close to 2%. 10 year treasury bond yields are 2.4%. For my money, I'll take the S&P.

[Coronet]

Markets are probably going to tank again on Monday due to the downgrade from AAA to AA+. Its going to be interesting!

[nitemarecooper]

Agree

Unless one works directly with the stock market, one can't watch the stock market on a daily basis or one would go crazy...or be depressed.

Doesn't matter what kind of an investor you are, I agree with this statement. Even daily traders will go crazy trying to track the exact movements of the markets and will usually blow it big time if they try to time the markets exactly.

[tripods68]

Get ready for another wild ride this week. I see more downgrade coming up.

I pulled 80% out of target fund exchanged cash/bondfund. Have not loss confidence in the market but hang tight it's gonna bump RIDEEE FOLKS!!!

[tripods68]

Markets are probably going to tank again on Monday due to the downgrade from AAA to AA+. Its going to be interesting!

I see other countries to follow...

[photo]

I pulled 80% out of target fund exchanged cash/bondfund.

Why? I don't mean for this to be a criticism, but I'm curious why you would pull out as the value is decreasing.

[Coronet]

Fannie & Freddie were downgraded to AA+ this morning as well. No good news for global markets either.

[tripods68]

Why? I don't mean for this to be a criticism, but I'm curious why you would pull out as the value is decreasing.

Your point is taken. The stocks will keep going down further if you don't protect from the downside. What I learned from 2008, is that I didn't pull the trigger fast enough which saw our total return down 35%. "Fool me once, fool me twice". Third time is a charm right...

At some point, I will go back in again. But you have to do your "due deligence" in this tough environment.

[photo]

What I learned from 2008, is that I didn't pull the trigger fast enough which saw our total return down 35%.

One of my mutual funds went down to about 50% in March 2009. However, it has more than doubled (of course, it's down now, just like everything else).

But it seems to me that if you keep selling when it's low, you'll always lose money.

[tripods68]

One of my mutual funds went down to about 50% in March 2009. However, it has more than doubled (of course, it's down now, just like everything else).

But it seems to me that if you keep selling when it's low, you'll always lose money.

We recoved as well but it took 2 years to get back to what we lose.

btw I exchanged it just once. Once is enough to park into safer investment till the market improves.

As far our contributions towards Target fund, no changes.