br1ckt0p
Name: br1ckt0p
Joined On: Jul 09, 2005
Maintag: TEH BRICKTOP
Age: 32
Occupation: College Advisor/Instructor
Location: 32.68N -97.15W Elev. 597 ft
Currently: Offline
Last seen: 12/4/08
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10/06/08 Return to main blog
This Is a Bold Statement
Lots of people like, trust, and watch this guy.
His take on investments in the stock market is interesting.
Posted by br1ckt0p on Mon Oct 6, 2008 @ 2:40 pm EDT | 4 Comments
Ugly, ugly prediction, but may not be far off from the truth. I'm just glad all my 401k is tied up, and has been, in bonds. Once we hit rock bottom, then I'll mix it up and drop 70% or so into stocks. Just a matter of waiting for us to get that low...
Posted by BalekFekete on Mon Oct 6, 2008 @ 2:48 pm EDT
I pulled my money out of regular mutual funds and stuck it all in money market. So i've been making pennies but at least not loosing . I Plan on hoping back in though, take advantage of all the discounts.
Posted by TANK on Mon Oct 6, 2008 @ 2:53 pm EDT
Well, of course all he said was what all financial planning books say...and all enron retirees now know. You dont go long with the money you need soon. You go long with money that can sit for 5+ years. The closer you get to retirement, the more you should be in fixed rate investments.
After today, only about 13% to go till cramer calls the bottom.
After today, only about 13% to go till cramer calls the bottom.
Posted by RyanFromVegas on Mon Oct 6, 2008 @ 3:39 pm EDT
I'm using the cash in the mattress savings plan.
Posted by Shashayla on Mon Oct 6, 2008 @ 4:23 pm EDT
