Question For Any Financial Advisors

[BuffaloBill]

Terryray,

Do I have another option?

What's done is done.

If I sell now, then I am just hurting myself in the long run.

These people are not timing the market or even trying to. They are simply basing it on my time horizon, which is what Warren Buffett did to make his money.

I am sure at some point in my life the stock market will be higher than it is now.

I can't cry over what happened already.

But if you were to start from scratch right now and put everything into equities, in 20 years from now, or maybe sooner, I am sure you will be ahead.

If the market stays bad for a really long time, then banks will be paying nothing as far as interest rates, so where do you put your money?

Also, the real estate collapse is far from over, and if the stock market and real estate market completely collapse, then so will everything else.

It's all relative. If you have a million dollars in an account and a home in your area costs $700k, then that is 70% of your account. Not a great deal in my opinion.

But if you only have $100k in an account, and a home in your area costs $30k, then that is only 30% of your account.

Which one are you better off with?

If things continue the way they are, we will end up with the second scenario, in which case I would actually be better off.

BB

 

[DOGS THAT BARK]

Terryray,

Do I have another option?

What's done is done.

If I sell now, then I am just hurting myself in the long run.

These people are not timing the market or even trying to. They are simply basing it on my time horizon, which is what Warren Buffett did to make his money.

I am sure at some point in my life the stock market will be higher than it is now.

I can't cry over what happened already.

But if you were to start from scratch right now and put everything into equities, in 20 years from now, or maybe sooner, I am sure you will be ahead.

If the market stays bad for a really long time, then banks will be paying nothing as far as interest rates, so where do you put your money?

Also, the real estate collapse is far from over, and if the stock market and real estate market completely collapse, then so will everything else.

It's all relative. If you have a million dollars in an account and a home in your area costs $700k, then that is 70% of your account. Not a great deal in my opinion.

But if you only have $100k in an account, and a home in your area costs $30k, then that is only 30% of your account.
Which one are you better off with?

If things continue the way they are, we will end up with the second scenario, in which case I would actually be better off.

BB

I disagree--I would say your right if you were someone starting out--but as stated in your intial post your situation is diff than most-
that being-With your current losses you still have enough to live comfortably the the rest of your life.

--and you want to risk losing that position-to gain more?

on high-lighted area above-there is 3rd scenerio

You have million and can live comfortably--economy collapses house go to $30,000
You can purchase a lot more $30,000 houses with a the mill you saved vs the $100,000 had you invested.

The most wealth accumulated after great depression were those with cash that bought property for a song.

 

[Terryray]

Lotta options at this time. Which one you take depends on many personal variables.

Could cash out and put some in something safe with no federal tax bite like munis--won't make much but at least portfolio won't shrink any more.

Have some cash on hand for the investment steals you see in times like this, as DTB sez. But yes, that is more like gambling than investing.

But any red-blooded investor would sure hate to see an excellent recession like this go to waste!

that's my advice. Advice from someone who's biggest investment decision lately was cost of printing the free Arby's Beefburger coupon vs savings on meal. :mj07:

 

[MadJack]

That's what I did Friday. Good move.

It is possible that the market will not recover until Obama is out of office. And if the market keeps going like it is, it will only take 4 years.

You can't keep pounding on Wall Street and small business (which IS linked to some degree) and expect it to perform.

:facepalm:

 

[MadJack]

my advise would be to ride it out, this is the worst time to sell possible. I know the stock market will not come back until Obama is gone, so just stick it out and you will be fine. I was told 10 years ago, do not have any money in the stock market you need in the next ten years.

:facepalm:

 

[yyz]

Jack, those guys got back in a week later at double speed, and haven't looked back!

 

[BobbyBlueChip]

:mj07:

:0074

:00hour

 

[WhatsHisNuts]

I have an old IRA account from a job I had for 6 years. Just did a check on how its done over the last 24 months..... up 44.4%. Obama is the MAN!