Quote:
Originally Posted by Hugh R
So John, bottom line it for me. I've lost 1/2 of my investments in stocks. I was in about 20 well diversified mutual funds that didn't all hold stocks in the same things. Energy, housing, financials, emerging markets, asia, australia, biotech, etc. A big mix, now with about 50:50 on stocks and cash. Should I bail completely to cash? I've got 10 years to "retirement"
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Wild ass guess here, since every situation is different:
It may take as much as one decade to get back to previous stock market highs. It took 5-6 years from 2001 to 2007 (trough to peak). I do not support a full cash position, unless you have a plan in place to absorb that cash in the event of inflation. I'm sitting on cash now until the right RE deal presents. Cash is good in the short to mid-term, but long-term you really need to focus on cash flow from assets, dividends, etc.
http://layoffdaily.com/ for those looking for a depressant.