Dow diving

DigitalDave said:
It could be but won't. $500 rebates aren't going to keep us out of it, and this will be a year of fearmongering from the Presidential Candidates about the economy. People are going to hold on to their money, not knowing what to expect. Top is right, buy low, but it hasn't hit it's lowest point yet.
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Buy gold while you wait. <insert disclaimer here>
 
Chapdog said:
when you get to about 10years from retirement you should be moving shit into safe waters. within 5 you should be almost exclusively in fixed income.
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What is "SAFE"???

CDs? Well that depends... what is the interest rate and inflation environment? Add in the potential currency fluctuations as well and guess what? They LOST you purchasing power over the past six years. Oops.

Bonds? Orange county anyone? CDO's in most bond portfolios? Do they earn enough to keep your income adjusted for inflation at the level you need? Ooops.

Real Estate? Ok, a little safer here, but still can see downturns.

Bottom line... Don't follow some generic "when you reach age x" or "when you get x years from retirement" type philosophy. Design your portfolio according to YOUR specific goals and risk tolerances. Never forget to factor in inflation and potential currency fluctuations and the effect they can have on your assets.
 
Topspin said:
as someone paying close to 20,000 in federal I'll gladly take one back no matter the reason for it.
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Bring our troops home and they can spend their income here! That helps in two ways, we don't spend so much on defense, and they ar home spending money here.
 
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