Quote: Originally posted by paranewbi  | | I'm jumping on stocks. This is a historical opportunity for the small guy to jump in the poker game with the big ones. This is not like other great
crashes...when this let's up (about the time the water warms up for summer waves) the pent up desire to work, spend and invest is going to explode.
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What did you have your investments in before this slide? Stocks were the only asset producing any rates of return, compared to bonds and government
securities. You are relatively young, not much chance you were heavy into fixed return assets or government paper. You surely didn't keep large
amounts sitting in your bank account, did you?
How much cash does someone in your position (paralegal?) keep on hand to "jump on stocks?" If you have real estate investments, they aren't the most
liquid, unless you're borrowing against them to play the stock market. Not the wisest strategy putting eggs in your basket at further risk, IMO.
Or, are you just blowing smoke?
Just interested, as a fellow private investor. BTW, I do have an MBA in Finance, and previously held a Series 7 license. My portfolio has only
dropped about half what the market has, which I feel is pretty decent compared to what I see around. I'm just holding tight, this hasn't bottomed out
yet. I just re balanced my portfolio in December to a less risky position, glad that I did.
John |
