Forum Replies Created
-
AuthorPosts
-
September 17, 2008 at 12:49 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271759September 17, 2008 at 12:49 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271799
nostradamus
Participant[quote=peterb]Equities look bad for 2009. But I dont know how active you want to be in this market. It’s volitile as hell right now.[/quote]
I agree and don’t know how active you want to be; however I also worry that being too inactive will result in your cash (presumably in dollars) being eaten away by inflation and weakening exchange rates. Look at gold’s rally today, people are feeling the same way, getting out of stocks and regular savings and getting into gold.September 17, 2008 at 12:49 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271824Participant[quote=peterb]Equities look bad for 2009. But I dont know how active you want to be in this market. It’s volitile as hell right now.[/quote]
I agree and don’t know how active you want to be; however I also worry that being too inactive will result in your cash (presumably in dollars) being eaten away by inflation and weakening exchange rates. Look at gold’s rally today, people are feeling the same way, getting out of stocks and regular savings and getting into gold.September 17, 2008 at 12:41 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271505ParticipantI agree with HLS and want to add that most fund managers indeed do not want you actively managing your retirement portfolio because if you did, you would see how their fees add up and you will bail out. Ever since my first 401(k) I realized that with some time and effort I can manage just as well as the so-called experts. Now I only have IRAs.
What more could a fund manager ask for: loads of money from someone who is not going to look at what’s going on for 30 years… Knowing what you know today, would you trust wall street boys with free reign on your nest egg for 30 years? By the time you need the money your fund manager would have changed 10 times. Anyhow I’m rambling, long story short: you can dollar-cost-average yourself. Set aside a fixed amount of money to invest each month and buy each month no matter what the market is doing. There, it’s dollar cost averaging.
September 17, 2008 at 12:41 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271741ParticipantI agree with HLS and want to add that most fund managers indeed do not want you actively managing your retirement portfolio because if you did, you would see how their fees add up and you will bail out. Ever since my first 401(k) I realized that with some time and effort I can manage just as well as the so-called experts. Now I only have IRAs.
What more could a fund manager ask for: loads of money from someone who is not going to look at what’s going on for 30 years… Knowing what you know today, would you trust wall street boys with free reign on your nest egg for 30 years? By the time you need the money your fund manager would have changed 10 times. Anyhow I’m rambling, long story short: you can dollar-cost-average yourself. Set aside a fixed amount of money to invest each month and buy each month no matter what the market is doing. There, it’s dollar cost averaging.
September 17, 2008 at 12:41 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271753ParticipantI agree with HLS and want to add that most fund managers indeed do not want you actively managing your retirement portfolio because if you did, you would see how their fees add up and you will bail out. Ever since my first 401(k) I realized that with some time and effort I can manage just as well as the so-called experts. Now I only have IRAs.
What more could a fund manager ask for: loads of money from someone who is not going to look at what’s going on for 30 years… Knowing what you know today, would you trust wall street boys with free reign on your nest egg for 30 years? By the time you need the money your fund manager would have changed 10 times. Anyhow I’m rambling, long story short: you can dollar-cost-average yourself. Set aside a fixed amount of money to invest each month and buy each month no matter what the market is doing. There, it’s dollar cost averaging.
September 17, 2008 at 12:41 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271793ParticipantI agree with HLS and want to add that most fund managers indeed do not want you actively managing your retirement portfolio because if you did, you would see how their fees add up and you will bail out. Ever since my first 401(k) I realized that with some time and effort I can manage just as well as the so-called experts. Now I only have IRAs.
What more could a fund manager ask for: loads of money from someone who is not going to look at what’s going on for 30 years… Knowing what you know today, would you trust wall street boys with free reign on your nest egg for 30 years? By the time you need the money your fund manager would have changed 10 times. Anyhow I’m rambling, long story short: you can dollar-cost-average yourself. Set aside a fixed amount of money to invest each month and buy each month no matter what the market is doing. There, it’s dollar cost averaging.
September 17, 2008 at 12:41 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271819ParticipantI agree with HLS and want to add that most fund managers indeed do not want you actively managing your retirement portfolio because if you did, you would see how their fees add up and you will bail out. Ever since my first 401(k) I realized that with some time and effort I can manage just as well as the so-called experts. Now I only have IRAs.
What more could a fund manager ask for: loads of money from someone who is not going to look at what’s going on for 30 years… Knowing what you know today, would you trust wall street boys with free reign on your nest egg for 30 years? By the time you need the money your fund manager would have changed 10 times. Anyhow I’m rambling, long story short: you can dollar-cost-average yourself. Set aside a fixed amount of money to invest each month and buy each month no matter what the market is doing. There, it’s dollar cost averaging.
ParticipantParticipantParticipantParticipantParticipantParticipant[quote=surveyor]interest
Honestly this is the most interesting election that has ever occurred in the U.S. If you’re not interested by it, there is something seriously wrong with you. It’s no surprise the interest is spilling over to improbable places.
[/quote]
Excellent point. Boredom and apathy with our elections is exactly what gets us into these messes. Pay attention, think about it, talk about it, blog about it. There are only about 2 more months to go.Participant[quote=surveyor]interest
Honestly this is the most interesting election that has ever occurred in the U.S. If you’re not interested by it, there is something seriously wrong with you. It’s no surprise the interest is spilling over to improbable places.
[/quote]
Excellent point. Boredom and apathy with our elections is exactly what gets us into these messes. Pay attention, think about it, talk about it, blog about it. There are only about 2 more months to go. -
AuthorPosts
