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IRAs....what do you do with them now?
Submitted by Retrocon on Thu, 10/09/2008 - 15:35
Just a question, I understand the penalties for withdrawing, but it has just taken such a beating. » |
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Burn them for heat --- "Live
Burn them for heat
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"Live free or die: Death is not the worst of evils." -- General John Stark.
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"Live free or die: Death is not the worst of evils." -- General John Stark.
If you suffered this far...
...you might be selling LOW.
The time to pull back from the market was last winter... or if you missed that, then this summer with the mini echo boom.
Remember Paulson, Bernanke, et al are putting everything they can into the banking system in an effort to shore up and reinflate home prices (and subsequently stock prices).
If you are talking about exiting the market now, you may be xferring your money into dollars just before they start to devalue...
I mean no one really knows where the bottom is... but when you see EVERYONE panicking... well, think about it.
I can't give
you the best advice...because I am biased...via Ron Paul....but
See if your IRA or 401K will let you switch to the GLD or SLV ETF...
if they won't.....I would pull it and buy Gold and/orSilver...
I would not risk it going down by another 40%
My 2 cents