Quote:
Originally Posted by Hugh R
I'm down about $160K as well. I've got my bucks in about 20 different mutual funds, in different sectors, housing, financials, manufacturing, US, European, Asian. They are ALL down. If I sell now, I've lost money for sure. I'm still buying through payroll deductions to the tune of $300/week. Maybe I'm a fool, but I see no choice but to ride it out.
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Diversified
Instead of $300 in the mutual funds, why not half and the other half in a saving account. You will have to pay tax right now on the 150 in the saving account but you can always open a roth IRA at a later date when the market is better.