Open Question
AM i moron? rolled over my 401k to to an ira in august and started buying, a few
stocks but mostly etfs. as the markets have been going down I've been buying to
the point were today I bought a small final position in the QLD and my IRA is
fully in the market.
I see people around me selling to go wait this out? So, am i the moron?
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It's the smartest thing you can do, continue to buy into the fear.
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nope. buy it down, do your homework and make sure your bets are still good, and
hold on for the ride. Be safe.
(j)
James
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pour your cash into gold or them ultra short etf's...might as well look for a
bet against your port if your willing to stay 75%-80% long.
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We will get a relief ralley at some point. I would use that opportunity to raise
some cash, preferably from investments that do not pay at least a 3% dividend.
20-30% cash in this environment is a must in my humble opinion.
Best of Luck. I mean that sincerely.
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no not at all ,u trusted the u.s. gov. like i did, too protect our economy and
do the right thing...well i guess we all bet on the wrong gov.
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fixed income,,,safe,,
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Congrats on paying a lower tax on a lower valued port if you now roll to a Roth.
I believe you still have to wait 12 months between events, but they might have
changed the rules by now.
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