Home › Forums › Financial Markets/Economics › 401K – switch now or wait it out?
- This topic has 35 replies, 7 voices, and was last updated 16 years, 1 month ago by peterb.
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October 9, 2008 at 6:53 PM #284823October 9, 2008 at 7:40 PM #284883peterbParticipant
I like the way you think. You’re at the right age to be agressive. Plenty of time to adjust. My advice, look to buy the top tier gold mining stocks at the end of this debacle in the market. Cash out asap. Wait for 7000 or maybe lower. Then take a look at Newmont, Barrick, Yamana, etc…. your could really see some boost over the next couple of years as these guys have been slaughtered and gold is going do well. Thus these good miners are going to follow the trend. But with a leveraged reaction to golds rise.
Just my 2 cents. But history is on my side on this one.
Good luck and keep your eye on the market. This is a rare opportunity and your smart to view it that way!October 9, 2008 at 7:40 PM #284871peterbParticipantI like the way you think. You’re at the right age to be agressive. Plenty of time to adjust. My advice, look to buy the top tier gold mining stocks at the end of this debacle in the market. Cash out asap. Wait for 7000 or maybe lower. Then take a look at Newmont, Barrick, Yamana, etc…. your could really see some boost over the next couple of years as these guys have been slaughtered and gold is going do well. Thus these good miners are going to follow the trend. But with a leveraged reaction to golds rise.
Just my 2 cents. But history is on my side on this one.
Good luck and keep your eye on the market. This is a rare opportunity and your smart to view it that way!October 9, 2008 at 7:40 PM #284853peterbParticipantI like the way you think. You’re at the right age to be agressive. Plenty of time to adjust. My advice, look to buy the top tier gold mining stocks at the end of this debacle in the market. Cash out asap. Wait for 7000 or maybe lower. Then take a look at Newmont, Barrick, Yamana, etc…. your could really see some boost over the next couple of years as these guys have been slaughtered and gold is going do well. Thus these good miners are going to follow the trend. But with a leveraged reaction to golds rise.
Just my 2 cents. But history is on my side on this one.
Good luck and keep your eye on the market. This is a rare opportunity and your smart to view it that way!October 9, 2008 at 7:40 PM #284829peterbParticipantI like the way you think. You’re at the right age to be agressive. Plenty of time to adjust. My advice, look to buy the top tier gold mining stocks at the end of this debacle in the market. Cash out asap. Wait for 7000 or maybe lower. Then take a look at Newmont, Barrick, Yamana, etc…. your could really see some boost over the next couple of years as these guys have been slaughtered and gold is going do well. Thus these good miners are going to follow the trend. But with a leveraged reaction to golds rise.
Just my 2 cents. But history is on my side on this one.
Good luck and keep your eye on the market. This is a rare opportunity and your smart to view it that way!October 9, 2008 at 7:40 PM #284540peterbParticipantI like the way you think. You’re at the right age to be agressive. Plenty of time to adjust. My advice, look to buy the top tier gold mining stocks at the end of this debacle in the market. Cash out asap. Wait for 7000 or maybe lower. Then take a look at Newmont, Barrick, Yamana, etc…. your could really see some boost over the next couple of years as these guys have been slaughtered and gold is going do well. Thus these good miners are going to follow the trend. But with a leveraged reaction to golds rise.
Just my 2 cents. But history is on my side on this one.
Good luck and keep your eye on the market. This is a rare opportunity and your smart to view it that way! -
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