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Should I start deciding on taking my money out of stocks? |
I have money in Capital Income builder, Capital World GRW&INCM, Income fund of America and Federated Kaufman. MY broker says to keep it in, but I'm very worried. Unsure of what to do. Any pointers, tips and information would be great! Buyer's market, keep them there, buy more. The econ. will swell back eventually, then your shares will skyrocket. You sell out, then where are you when the prices go back up? Invest in Chinese stock market. take your money out whenever ur ready, but if i was in ur situation i would take them out now incase of another stock crash and another depression, but i highly doubt that would happen. you never know anymore tho. einstein always said that anything is possible, and nothing is impossible. good luck with whatever you do with you money Let it ride. This is an average down. You would only be selling low, after buying high. Depends if your stocks are losing money right now. If you know that the company you have your stocks in is going to go up then ask around and find out. If you hear from more than two reliable people that its going to go down then take it out soon. Your best aim for buying stocks is doing a lot of research and when you hear how a certain company is going to make this certain popular item. Invest in it and you will probably do well for awhile. No! This is the worst time to get out. Think of it this way -- would you sell anything else when prices are low? Of course not, you buy things when they are cheap and sell things when you can get more money for them -- when they are expensive. So you want to sell low and buy high? You should have taken it out two weeks ago. But where will you invest it? I'd buy real estate for 30% or more below value. Rent it out and wait. In 4 years things will change and you will be ahead of the curve. Always by low and sell high. We had this problem about 6 years ago. My husbands 401k lost close to half of it's value. We decided to pull it out so that the money he invested would not be lost. So we pulled the 401k and paid the penalty. It worked out for us because we used the money to buy our house. Ofcourse your investor tells you to keep it. How much is he making off of it? It really depends on your tolerance for risk and your short term goals. If you're building a portfolio for retirement that is years down the road, you shouldn't concern yourself with short term drops in the market. If you may need the money sooner and can't handle much risk, it might be a good idea to move it to some low risk mutual funds or a bank money market account or CD. If you are in for long term appreciation and are well diversified do not pull out your money, you might want to invest more in a international mutual fund or international stocks too, to offset the falling american dollar some. an ideal portfolio should mimic the world market holdings which is 70% american stocks + 30% foreign stocks. If you pull your money out of the market now...you will be making a huge fundamental mistake...chances are you have already lost quite a bit in the past few weeks.....now is the time to put money in while the market is down...unless you can't wait out a med to long term investment. Chances are the market will keep declining for a while so you might lose a bit more but the idea is to sell high not low there is going to be a recovery pretty soon, it won't be full, but it should cover all the panic selling and loss from the past 3-4 trading days. NO! Keep it in. Dont buy into the panic. Just sit tight and ride it out. All the other people will panic, sell and lose money but you will sit tight and MAKE money when the market rebounds. Ride it out if the company fundamentals are STRONG and if you don't need the money right away. no, you should add money. |
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