Quote:
Originally Posted by 125shifter
Mine too! Actually, it's a little higher!
I just moved 10% to a bond fund and 10% to a money mkt fund. Of course the trades don't happen til the end of the day so I expect the DOW to drop about 300 points today  |
True but if you can solidify that gain somehow when the value of the dollar rises your investment portfolio will rise with that.
Bear in mind that I am not exactly an educated investor. I'm a beginner and as such, I may have 'feelings' but I try not to act on them.
In this case I may move a larger (than normal) portion of my portfolio to a less risky position but I would not move all of it that direction. Still, the feeling right now is that the stock market is gambling. Period. It has little to no basis in the reality of value - it's perverted by immense greed and my general emotion regarding it is that it is not a safe place to invest for the future. I might be able to get rich in it with luck and persistence but for the long haul 'safe bet' you want for retirement I'm not sure it is a wise place to be. Short of nonexistent retirement packages offered by companies though I'm not sure how else to plan for retirement.
I guess I'm to the point where I need to consult a financial planner to look for other retirement vehicles.