Regrets?greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Just wondering if anyone is feeling the same way I am about the stock market? I transferred all of our retirement money from mutual funds into money market funds when the Dow was at 7800. Now, with the Dow at 10500, I am very sorry I did. But I fear putting it back into the market, because I fear y2k. Did you ever get the feeling that you wanted to stay-go-stay-go?
-- Rick (Rick@rick.rick), April 15, 1999
That's the nature of the stock market, y2k or no y2k.
-- old stock trader (firstname.lastname@example.org), April 15, 1999.
Rick, I did the same thing, but if you now check the value of the funds you dumped, you may discover they haven't advanced significantly. The Russell 2000 is still substantially under what it was a year ago and this may be a more valid picture of the economy as opposed to the 30 stocks included in the Dow. HTH, Rich
-- Rich Miller (email@example.com), April 15, 1999.
You are absolutely right Rick. I dumped all my stocks and mutuals on a high last July. Kept the total portfolio on the computer so I would know whether to cheer or cut my throat. It is just under what I sold at in July. Better to be a day too early than a day too late, as the old saying goes. I sleep well on my lumpy mattress. I figure y2k is going to be a mess with a stock crash. After enuff time has passed to be able to pick out the survivors, I will then reinvest for a lot lower price. Taz
-- Taz (Tassie@aol.com), April 15, 1999.
I put retirement money from mutuals to bonds last Nov. and my only regret was that I had procrastinated too long to do it before summer holidays.
Interesting quote on another thread about Rothschilds (?) "We made all our money be getting out of the market too soon."
-- zzz (firstname.lastname@example.org), April 15, 1999.
I pulled out at 8,300 or thereabouts.
Don't be greedy.
It's not a case of if, but when.
-- Andy (2000EOD@prodigy.net), April 15, 1999.
Years ago I pulled out too late...and I had to marry her!
(Sorry, I'm sleep deprived at the moment)
-- rick blaine (email@example.com), April 15, 1999.
I got out of the market as well. So what? I still have my capital and am going to sit on it. So I lose a year of gains/LOSSES. On the positive side: The tax man doesn't get as much next year if there is a tax man and I look at it as an opportunity to buy when stocks are cheap after the crash. Just think how good you will feel buying into the market at 5000 or below.
-- Steve King (firstname.lastname@example.org), April 15, 1999.
You never know when it's reached the top- til it starts heading toward the bottom.
-- anita (email@example.com), April 16, 1999.