Thoughts on the market sell off

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  #1  
Old 01-22-2008, 12:44 PM
Renee Renee is offline
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Default Thoughts on the market sell off

What are your thoughts on the market sell off and impending Bear market? Is our retirement safe? I know most financial planners always tell us, stay diversified but I read where this market might not bottom out until January 2009.
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Old 01-22-2008, 12:55 PM
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Default Re: Thoughts on the market sell off

When we retired my husband put almost everything in a safe place (dug a hole in the back yeard). No he was willing to make less but be sure he always had some money. He said risk was OK while he was working. We made less on our money but it is all still there plus a fairly good profit.
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Old 01-22-2008, 12:57 PM
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Default Re: Thoughts on the market sell off

If I could predict the market, I would already be retired and living there. The key is to be diversified. And at a time like now over weight into fixed income, perhaps as much as 60% fixed. In a bull market over weight in to stocks, 60% for us retired folks. at this point in my life I maintain a 60/40 split between fixed income and stocks. I maintain diversity in the stocks with some value, large cap, small cap and international. I use mutual funds mostly to spread the stocks even more. Vanguard and Fidelity are both good with low fees. Always re-balance at least twice a year and move in the direction the market is moving. Right now as I re-balance I move more into fixed income. when the market is moving up I will move more into stocks. Again maintaining a 60/40 split. Bull market 60% stocks 40% fixed. In a bear market 40% stocks, 60% fixed. Never try to time the market and always stay fully invested in something. Have patience. Over time you will maintain steady gains.
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Old 01-22-2008, 02:00 PM
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Default Re: Thoughts on the market sell off

I'm about 95% cash right now and have been since end of '07.

Too many bad things can happen, and precious little good.

Oil - prices - middle east
Terrorism
Iraq
Borders & Immigration
Social Security
Medicare
Jobs
worthless Congress & Presidency

US companies will maintain their financials based on world growth, but the US infrastructure is struggling as I see it.

I may go back into stocks after the first quarter, but.. cautiously.
I'll take a 4 or 5% guaranteed return vs. what??? I'm not greedy

Good luck....
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Old 01-22-2008, 04:29 PM
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Default Re: Thoughts on the market sell off

Since this is my business, let me just say: Don't panic gentlemen. It's going to get bumpy this year, but don't panic. Also, I have to say John that 95% cash is never a good idea. And do stay out of the bond market for the foreseeable future.
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Old 01-22-2008, 04:34 PM
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Default Re: Thoughts on the market sell off

This market gets me very nervous, to say the least..What is going to happen in the near future?? Any predictions??
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Old 01-22-2008, 04:41 PM
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Default Re: Thoughts on the market sell off

I see many buying opportunities and took advantage of some this AM. Yes, I think this year will be rocky..but interesting!!
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Old 01-22-2008, 04:44 PM
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Default Re: Thoughts on the market sell off

Richman...Any good buying tips?? I'm listening.. :dontknow:
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Old 01-22-2008, 04:54 PM
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Default Re: Thoughts on the market sell off

Quote:
Originally Posted by richman
Since this is my business, let me just say: Don't panic gentlemen. It's going to get bumpy this year, but don't panic. Also, I have to say John that 95% cash is never a good idea. And do stay out of the bond market for the foreseeable future.
Mrs Handie and I have been in investments since 1990 and have seen a few rocky periods, however close your eyes temporarily and ride the Bear. After the smoke clears, all settles down to a friendly Bull
I hope cold
Handie :joke:
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Old 01-22-2008, 05:29 PM
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Default Re: Thoughts on the market sell off

Sorry Donna. I don't allow my people to do that contractually, so I cannot do it as well. I can point you generally to types of opportunities.
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Old 01-22-2008, 05:39 PM
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Default Re: Thoughts on the market sell off

Yes, as Margo Channing said, "Fasten your seatbelts, it's going to be a bumpy night." :yikes: I am super naive when it comes to the market. The only individual stocks I have are those I inherited. Everything else is mutual funds and CDs and groceries. But even as obtuse as I am, I know that two keys to riding out any recessionary period are diversification and patience. For market players, there are and will be opportunities to make money. But for those of us who live the buy and hold lifestyle, we just have to make sure we aren't heavy in a Lucent (hey, I watched mine drop from the $70's to about a buck) and that we don't panic. Assuming you are not buying on margin, nobody lost money in the market until they sold. Historically, those who manage to ride out the panic do pretty well --- unless they've got Enron.
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Old 01-22-2008, 06:11 PM
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Default Re: Thoughts on the market sell off

richman, respectfully differing on opinion

I've done pretty decent over the years investing,
spent many years in finance and I know the ins and outs enough to satisfy me.

I didn't initially plan to be that high in cash, but was making some year end moves, and decided to hold steady in mid-investment, I had a hunch.

I still think it's really ugly for a bit, and I'll stay on the sidelines,
4-5% guaranteed is a great deal right now from my vantage

happy trails!
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Old 01-22-2008, 08:48 PM
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Default Re: Thoughts on the market sell off

Quote:
Originally Posted by richman
Sorry Donna. I don't allow my people to do that contractually, so I cannot do it as well. I can point you generally to types of opportunities.
Richman..I would very much appreciate that...
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Old 01-22-2008, 09:15 PM
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Default Re: Thoughts on the market sell off

well, the market is down 15% from the high, and will be rocky for a few months.
If you're asking if you should "get out" well, it's too late now for the most part.
Things will be shaky for 6 months, and MAYBE stabilize and have a nice 2nd half 2008.

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Old 01-23-2008, 12:28 AM
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Default Re: Thoughts on the market sell off

Thanks John..Now I feel a little better..
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