Flu, this panic sell off may prove to be a good opportunity for the average 401k investors without expectation of high taxable income at retirement, no?[/quote]
Well, ocr, in a 401k it doesn’t matter. Because dividend returns won’t be taxed anyway. So in that case, a good strategy is just to enable automatic dividend investment imho..
Entry point however is key… I think entering this year is a bad idea…Well entering before fiscal cliff is resolved is a bad idea imho… Because until it’s resolved, markets are jittery..After it’s resolved, there may be even more of a panic sell…Better to buy on the way up then on the way down imho.
Talk a look at Phillip Morris. It’s crapping out..still….
Also, consumer staples has been pretty good to me for the past 3-4 years. I use etf XLP.. But I think the game is close to over on that one….So I’m out on that too as of last week.
