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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (225739)3/6/2003 1:33:32 AM
From: mishedlo  Read Replies (3) of 436258
 
Look at this "advice" Earlie.
Do NOT sell now

marketwatch.com

"To have ridden the market all the way down with your precious retirement assets, only to sell out now and put those in money-market type funds means that when the market turns up, which it indeed will do, you will not be able to ride it back up," said Paul Knoblich, a Castro Valley, Calif.-based certified financial planner.

"My advice to people has been to do everything possible to not further draw down your existing retirement assets, so that when the market indeed does turn up you will have the same amount of shares to build upon," Knoblich said, even if, for instance, "that means getting some part-time job. Do anything to not sell out those shares at this time."
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