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Random Quote: yea who belives in fortune cookie belives in everything
In 2008, Glenn Beck told his listners to get out of the stock market before it crashed! I did not listen and lost a boat load of money when it did. Well, he's at it again. Glenn is telling all his listners to get out of the market now, because it's about to go south again. Please help me try to make sence of this all. The wife & I have a 401k with a good rounded portfolio of stock/bond/mutual funds, etc. If I am to bail out of stocks, where do I put it all thats fairly safe and will not take another 40% hit . We are both 50 and only have another 15yrs or so until retirement.
Is Beck shorting the market? When he demonstrates that he is betting his ranch, farm or whatever one wishes to call it, using his money and assets to go short, then and only then will I give it a thought. Folks like him must either put up or shut up. Concerning another matter related to the stock market, I believe Akamai is going to $100/share very soon. I wish to provide a disclaimer that I own it. By all means go out and buy Akamai (AKAM). Buy until it hurts. Even if it should hit $100/share I think everyone should keep buying it. Thank you. Even though I own the stock I don't have any personal interest in seeing it move higher.
I am with Bamaboy - look out for yourself - put in a stop loss order - these groups and Messiahs both left and right are ALL for losers looking for a cause and someone to blame for their lack of individual certitude or self worth / self confidence.
__________________ 1st Cav Div Air Assault Infantry RVN
-Can Do........ and .......Carry On -
bamaboy473, can I do that with all 401 stock holdings?
That depends on how easy it is to access your holdings. If it's with a...well, somebody like Scottrade, then you should be able to manage your account just as you would with your liquid funds.
I am NO financial professional, so those that work in the system would have (perhaps) more exact information.
If your account is through a broker or adviser, they might charge for those services...not what I'd want to have happen if it were me. By the way, you can stop-loss (trailing stop) in either a percent or a dollar value.
__________________ Rick
Alabama's Gulf Coast
Chaparral 240 Signature (Sold)
You have 15 years until you retire? I'd leave it in the 401k since you should be buying lots of volume at a super low price. In the long run these stock value should bounce back and you should be fine. This is what my financial adviser is doing and what eh advised me to do as well.
I am no financial guru by any means but am I a similar boat as you. However, I do have a substantial amount in savings "just in case".
In 2008, Glenn Beck told his listners to get out of the stock market before it crashed! I did not listen and lost a boat load of money when it did. Well, he's at it again. Glenn is telling all his listners to get out of the market now, because it's about to go south again. Please help me try to make sence of this all. The wife & I have a 401k with a good rounded portfolio of stock/bond/mutual funds, etc. If I am to bail out of stocks, where do I put it all thats fairly safe and will not take another 40% hit . We are both 50 and only have another 15yrs or so until retirement.
So did I. I would personally be ready to assume a short position on banks. The economy is on life support, states are going to go bankrupt etc, etc. Not to mention the possibility of a nuke in Israel, too many unknowns like we've never seen before. Don't buy gold unless you plan on buying the gold that is heavy when held in your hand, no piece of paper. I'm a opportunistic investor, and I see the banks going back to a crawl. It believe it will have something to do with "mark to market". I really don't know how long they will be allowed to hold on to a foreclosed property and value it on their books as the original purchase price. Tons and tons of dead weight. I would really like to know the truth as to how many mortgages each bank is holding and a total amount in each. That will pretty much be a dead ringer for me.
I may be wrong on all of this, as I'm really just a consumer when it comes to investing. But if things really are like I'm seeing.............. get ready to short the banks.
Would you seriously take investment advice from an entertainer? Are you willing to take a chance and try to time the market with your lifetime savings? Better advice is to have an asset allocation that takes into account your tolerance for risk and roll with it. Those who mis-timed over the past 2 years are in bad shape, while those who were well allocated and rode it out are fine. PM sent.
__________________ 2003 Sea Pro 220 CC
2003 Yamaha 200 HPDI
2009 Ace Dual Axle Trailer
employment #'s are looking good. Dollar is looking great, bond are tight tight tight. Euro zone is looking OK and China and southeast asia is still booming (despite the media hype of china slamming on the breaks) Yuan is going to appreciate.
S&P is going to earn roughly 80-85 bucks, take a very conservative multiplier of 12, and we get a 10ish% increase return for '10.
Like I said...place your bets, I have in the last few weeks and am smiling again!
Glenn Beck has Spoken!!! 
. We are both 50 and only have another 15yrs or so until retirement. 
1st Cav Div Air Assault Infantry RVN
