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?
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Old 07-02-2009, 09:48 AM
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Default My thoughts Exactly!
My Thoughts EXACTLY!!



Quote:
Originally Posted by k2at View Post
Like the rest of us, I took a beating in the stock market over the past several years. When the market was going up 14000, I thought I was a genius. Then when it tanked at 7000 I came to the realization that at my age 68, it is better to be safe (sleep factor) than sorry. I have therefore been systematically taking my money out of the market and putting it in CD's. I am quite sure that the market will eventually return to the pre crash highs, but time is working against me. I don't want to be a millionaire at 90.

I know what to expect from my CD's and I don't have to worry about another financial setback when the stock market takes another dive.

There is so much corruption in our country that I just don't trust the stock market any more. My goal is to get out systematically and take the least losses possible.

I say I am not a gambler by nature, but afterall how is playing poker and different from playing the market.

Thank god my retirement is in a fixed income for life and not in a 401k.