| I dont know what the markets will do...part of me sees stocks so cheap, I feel a recovery has to happen....another part of me thinks we wont see much of a recovery for 20 - 30 years.....if we dont see one for 20 - 30 years, we are in deep doo doo......I mean that will be my retirement age.....and my wife, pumping the MAX into her 401k which goes backwards every month, even with the depositing of so much $$'s monthly.....her 401k is worth $2000 less today then it was 3 years ago, and she puts a very nice size chunk into it monthly.....it'a almost like flushing it down the drain.....who cares about the company "matching".....I mean we are flushing a grand a month....actually more....right down the drain....hard to believe she contributes, and has contributed so much each month, and instead of going up, we keep going down.....all vanguard funds, and a good mix of big, mid and small caps......and our personal portfolios....well, they looks disasterous....lots of shares of lots of stocks......but what good does it do ya to have a stock that was at $200 now trade at .20 or $2.00.....thats a loss you'll never see back........somethng keeps saying buy now while it's low....something else keeps telling me we aint even close to a bottom yet.........hard to believe a simple interest money market fund not only would have made more...but it would have saved all the losses incurred over the last 2 or 3 years.....I'd actually have some money instead of a bunch of worthless shares of stock and retirement plans that will enable us to retire, but now.... not have enough in them for my dog to retire......biggest mistake of my life was not cashng out at end of 1999...could have been retired at 35, with zero debt and plenty of cash.....instead, I am deep in this hole they call the best long term means of investing in the world......if that means flushing your hard earned money and dreams down the toilet, then I guess i am doing something right, because plenty of $$'s and plenty of dreams have been flushed...... |
