Monday, January 21, 2008
Doom and Gloom
Tomorrow's going to be a fun day ...NOT. I'm really not sure what the game plan should be for tomorrow. It won't be wise to buy puts early in the morning, since the premiums would be through the roof, and buying calls would be akin to catching sharp falling knives.
Trade well, be safe.
Trade well, be safe.
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hey now!
i've been on the sidelines for the most part for a while in my trading accounts saying 'i can't short here' for the past week. oops. but i'm ok with that.
however...i'm a bit concerned about my retirement IRA. i don't trade that at all and don't want to but i also don't want to loose another 20%. so the question is; do i trade out of my stock funds and park money in bond funds for a year? or will i be selling at the bottom, effectively locking in a loss?
what are your thoughts...if we drop 500 today is it the bottom? or is this the beginning of a 2 year (or so) bear?
j.M
i've been on the sidelines for the most part for a while in my trading accounts saying 'i can't short here' for the past week. oops. but i'm ok with that.
however...i'm a bit concerned about my retirement IRA. i don't trade that at all and don't want to but i also don't want to loose another 20%. so the question is; do i trade out of my stock funds and park money in bond funds for a year? or will i be selling at the bottom, effectively locking in a loss?
what are your thoughts...if we drop 500 today is it the bottom? or is this the beginning of a 2 year (or so) bear?
j.M
# posted by 
: 7:51 AM
: 7:51 AM
Hi j.M,
I personally put my money into funds for my retirement accounts. I'll be riding this drop through. I still have a long way to go for my retirement (unless I hit the lottery). Since I'm not holding stocks directly, I won't be getting rid of any (although, yes, funds can take a hit too).
I might reduce the amount I'm putting into the accounts, nothing planned though.
I can't advise you on what you should do, since a retirement account is a very sensitive topic. But you can figure out how long you have to go till retirement, and make your decisions accordingly. You can take a look at some of the retirement year funds, they will change the holdings as time passes from aggressive to less risky as you get closer to retirement.
Good Luck!
AJ.
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I personally put my money into funds for my retirement accounts. I'll be riding this drop through. I still have a long way to go for my retirement (unless I hit the lottery). Since I'm not holding stocks directly, I won't be getting rid of any (although, yes, funds can take a hit too).
I might reduce the amount I'm putting into the accounts, nothing planned though.
I can't advise you on what you should do, since a retirement account is a very sensitive topic. But you can figure out how long you have to go till retirement, and make your decisions accordingly. You can take a look at some of the retirement year funds, they will change the holdings as time passes from aggressive to less risky as you get closer to retirement.
Good Luck!
AJ.
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