Two months ago, I started to worry and began selling out our stock investments. Through July 2011, it wasn't clear that I had made a good decision since the market recovered and nearly achieved the 2011 highs. However, this week I feel my decision was vindicated especially since I slept well this week.
So while indices fell 6-8% this week, the retirement accounts I manage only fell 0.4% since I still kept a very small amount of stock.
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This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2011 Achievement Catalyst, LLC
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1 week ago
2 comments:
Certainly this past week cash was a good place to be. Assuming that you are a long-term investor, what will be your "signal" to reinvest?
My signal to consider reinvesting is a Dow 10,200 (20% decline) or a significant postive change in government economic policies. I think a Dow 10,200 is more likely at this time:-(
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