Call investment gurus...

[XFollower]

If there are any investment gurus out there, I need some advice. My investments dropped almost 10k today, including my 401k and Roth IRAs due to this financial crap. Do I pull from my higher risk funds and put them into bonds or cash while everything is sinking quickly, or do I ride it out? I rode it out with WorldCom, and kaboom.

Thanks for your help.

[Curly Bill]

Head for the hills! :eek:

Actually beats me, I'm so far from being able to dip into that stuff I'm not worrying about it.

[The Maestro]

Living paycheck to paycheck rules these days!

[tommieharris91]

Best idea would be to talk to anyone who is managing your money if your not doing that on your own. I'd say, without knowing anything about what you are invested in, you could probably diversify some more. Lastly, if you're in long term, go bargain hunting.

[Lott's Bandana]

Porkbellies!

7EjdC0pjo1A&feature

[soonerscuba]

If there are any investment gurus out there, I need some advice. My investments dropped almost 10k today, including my 401k and Roth IRAs due to this financial crap. Do I pull from my higher risk funds and put them into bonds or cash while everything is sinking quickly, or do I ride it out? I rode it out with WorldCom, and kaboom.

Thanks for your help.
If you are more than 20 years away from retirement, you might consider putting more into retirement. Things suck for everybody, and everybody is losing money, but this market could be a boon for future retirement in the right circumstance. In short, talk to a trusted adviser.

[Blue]

Put your money in commodities. The dollar is going bye-bye. Some will say this is chicken little and fear-mongering, but I say it's inevitable. The talk from previous Pollyannas has changed dramatically. I just hope they hold it off till after OU wins #8. :D

[tommieharris91]

Put your money in commodities. The dollar is going bye-bye. Some will say this is chicken little and fear-mongering, but I say it's inevitable. The talk from previous Pollyannas has changed dramatically. I just hope they hold it off till after OU wins #8. :D

No, do not do this. The commodity play hasn't worked for about 3 months.

[yermom]

Living paycheck to paycheck rules these days!

mason jars!

[tommieharris91]

mason jars!

Invest in themz.

[SoonerJack]

Buy low, sell high, don't panic.

[Taxman71]

I am not a CFP, broker, analyst, etc., but everyone's goal is to buy low and sell high, right? Thus, liquidating investments now would be selling low...so I am choosing to hold and wait for the upswing. However, I am continuing to buy in this low market planning for the rebound. This strategy has worked for me before and should again, barring a total collapse.

Reminds me of a few guys I know who bought all the old oil field equipment, etc. for pennies on the dollar in the 80's oil bust. The market came back in the 90's and they became beyond rich selling what nobody else had to sell.

[tbl]

I'd invest in the frozen orange juice market.
http://www.channel4.com/film/media/images/Channel4/film/T/trading_places_xl_01--film-B.jpg

[yermom]

you and Lott's Bandana could trade places ;)

[Lott's Bandana]

you and Lott's Bandana could trade places ;)

I like Buckhead, but it ain't Nompton! :P

[mdklatt]

Two words: Dollar. Cost. Averaging.

[Lott's Bandana]

Two words: Dollar. Cost. Averaging.

that's 5 words, wow, you showwd 33% growth already.

[dolemitesooner]

Living paycheck to paycheck rules these days!

haha YES YES IT DOES.

Poor people for the win:D