I pulled all my 401k stuff out of stock funds last year. Put it into a money market. I still lost some money, but not near what I would have. When things get a bit better, I will put it to work. I believe the stock market might recover, but riding out the train all the way down is a bad idea. You can always buy back in. I believed in "buy n hold" until the 2001 - 2003 downturn. If you ride it all the way down, you might never recover.
- Thread starter Spook
- Start date
Anonymous-0
Well-known Member
Yes but if the market recovers very quickly [like one day rally] then its already to late to get back in.I sound like a stockbroker.Lost plenty of money on stocks myself.
MarkB_MI
Well-known Member
- Location
- Motown USA
Well, if you managed to get your money out before the plunge, congratulations. Most folks didn't.
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