Open Question
Well, guys, I know we need to keep emotion out, but, this is pretty scary. I did
follow cramer's advise a couple weeks ago and shifted about 20% of my Vanguard
retirement fund to cash vehicles (I only start buying into this fund 1.5 years
ago, and its almost near the stock price at its inception in 2003!).And I took a
5% GLD position. Last week I went a little further and put another 10% of stock
in the fund into my total bond market fund. So now I have a little over 60%
cash. Today, I've been crippled with indecisiveness--should I put more into
cash? Should I buy some more since it is all so ridiculously cheap? If there is
any pattern lately, there has been big up days after big down days--sort of. But
I don't really see any reason why it won't keep melting down tomorrow. What sort
of game plan do all of you have for the next, well, two days?
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Mac~I still see good value in Vanguard Funds, and I still have 3 of them. Yes,
we do add to them when the market is down.
Kathy in NJ
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VTTHX, 2035 Retirement was at 11.30 at the close on Friday. It is where it was
back in 2003. When I started, it was 14.3, and I added between 13 and 14 up
until last spring. I suppose I should add bit by bit on the way down.
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Mac~I bought with one of my Vanguard funds today...pretty scary and pretty
exciting. I still have some left to buy more tomorrow. One thing I tried to
think about was what I regretted not buying more of when I originally bought,
and I bought more of that today. It's easy to get swept away by the drama of it
all. Stay grounded. What have been the stocks you wished you had when you had
that fund? Buy those stocks!
Good luck!
Kathy in NJ
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don't rush into much of anything is the sentiment that i'm seeing/reading here.
there is a lot of excellent companies at fire sale prices. let the smoke settle
a bit. these stocks would need 100% to over 300% move up just to start a
rebound.you wont see rig at 160. or pot at 200 in 1 day. so don't worry about
missing the bus or the train.chris
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