Talk of The Villages Florida - View Single Post - If you pulled 250k out of the stock market....where would you put it?
Thread: If you pulled 250k out of the stock market....where would you put it?
View Single Post
 
Old 05-23-2009, 11:50 AM
spk7951's Avatar
spk7951 spk7951 is offline
Gold member
Join Date: Aug 2008
Posts: 1,284
Thanks: 7
Thanked 38 Times in 21 Posts
Default
Boomer,

My feeling is that we will not see 5% interest on CD's for quite some time. I could not even hazard a guess as to a time frame because I have no faith in the economy right now. (I think I am a victim of bail-out fatigue). We completely bailed out of the stock market, which as our personal portfolio, in May 2006 when we lost 20% in two weeks time. That was cash set aside to carry us until we could tap one of our 401k's and we are now happy we did that.