I just dabbled a bit with a couple of grand - Saab General Bulletin Board - Saabnet.com
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It's all in my 401K, but I bought $500 worth of 4 different funds over the last week or so and it has paid off in the near term, but I'll be buying into more bond funds, but not selling the stock funds I already have for cash.
Yesterday, I saw an expert talk about how the we should expect the dollar to tank now that the Fed is having to come up with cash to buy out these mortgage related debts. That cash has to come from somewhere so they'll be "printing up" cash which will depress the value of the dollar in the long term. This expert was advising to buy precious metals, foreign currencies. I may move domestic equity funds over into international equities. Emerging markets funds have really come down lately. I suppose the other way to handle this crisis is to buy into funds that provide dividends.
I'm beginning to think that George Soros was right back in January. See the link below...
The worst market crisis in 60 years
Posts in this Thread:
- OT: Horrid stock market: Time to buy or wait?, Caarma , Wed, 17 Sep 2008 23:11:37
- Re: OT: Horrid stock market: Time to buy or wait?, turrbo , Fri, 19 Sep 2008 21:38:08
- Stay away from those..agree with TKC..., Dave B 89 900s Auto, Sun, 21 Sep 2008 07:48:15
- I just dabbled a bit with a couple of grand, Caarma , Sat, 20 Sep 2008 10:28:22 <-- Viewing This Message
- Ah yes, the young and the brave....., TKC, Sat, 20 Sep 2008 06:20:39
- 400 point upmove today should take the Dow to..., Dave B 89 900s Auto, Fri, 19 Sep 2008 02:36:49
- Now is not the time............, Herb Hirsch , Thu, 18 Sep 2008 15:56:54
- Better question is how and when to get out and, steve, Thu, 18 Sep 2008 10:18:26
- Sit tight, things are still all over the place...., TKC, Thu, 18 Sep 2008 06:19:26
- Re: OT: Horrid stock market: Time to buy or wait?, EGD , Thu, 18 Sep 2008 03:34:06
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