Quote:
Originally Posted by TheMentat
... probably because he doesn't get a commission for selling you index funds.
You don't wan't to sell stocks when they are down. If you've already taken the losses thus far, and are in it for the long haul, then you may as well keep holding them.
FWIW, the time to sell stocks, is as you gradually shift your portfolio from stocks to fixed income vehicles (bonds & cash). This is a decision based on your time 'till retirement, and doesn't have anything to do with where the market is. Trying to time the market is difficult at best.
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Thanks. I got out last year and dont intend on getting back in. I guess folks who have taken losses have to decide for themselves (or hope they have better advice than I have ever got) if we are at the bottom and if they have the stomach to continue to sink money into their Casino.
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Tim
1972 911e
Last edited by tiwebber; 11-17-2008 at 09:57 AM..
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