Quote:
Originally Posted by redskinjim
i have a friend who has made a lot of money and is retired he says now is the time to invest.cause the market always comes back.
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yeah, the say at times like these the rich get richer, the poorer get poorer.
Im losing aprrox. 4k every 3 mos on my 401k. given that i am hesitant to throw any of my non-401k savings into the market. i really just dont know what to do right now.
should i take my savings and invest in some cheap but well known producing stock?
should i buy a new home (tax & penalty free as 1st time home buyer) by clearing out my 401k just so i dont continue to lose 3-4k every quarter?
im feel kinda screwed right now. i could have bought a house with no money down like every one else and have the fed bail me out b/c i dont know how to live within my means. But no, i played it smart, saved up enough to put 10-25% down so i wouldnt over-extend myself. now my 401k has been chopped in half and i am not in a good position to buy a home . . all these people who had no business thinking they could afford a home but did anyway may very well get "bailed out" . . . while i saved up only to have my life savings cut in half and still dropping.
i say the dow doesnt drop below 5800, no way it can go lower than that i hope.
go skins!!