DinarProwler Posted August 7, 2011 Report Share Posted August 7, 2011 I have a 401K with Wells Fargo. I'm thinking of pulling it out of the Stock Market in the morning. Or would you suggest riding it out? I would like to here your opinions on how bad do you think it's going to get!! Thank You in Advance!! Richard Link to comment Share on other sites More sharing options...
pluMmet Posted August 7, 2011 Report Share Posted August 7, 2011 I wouldn't want any investments that are tied to the USD for the next 1 to 2 years... IMHO Link to comment Share on other sites More sharing options...
fnbplanet Posted August 7, 2011 Report Share Posted August 7, 2011 I would not make a big financial decision based on replies here. Get professional help. 1 Link to comment Share on other sites More sharing options...
DinarProwler Posted August 7, 2011 Author Report Share Posted August 7, 2011 Thanks pluMmet for your thoughts! fnbplanet i agree with you. I just wanted to get some opinions here as i know there are some smart money people on this site! Thanks all Link to comment Share on other sites More sharing options...
Kanga Posted August 7, 2011 Report Share Posted August 7, 2011 I would get out all the way, unless you really study individual stocks in detail. Some that may be excellent are those in the energy field, mining stocks, proven new biotechnology, and cloud computing. Link to comment Share on other sites More sharing options...
richardl Posted August 7, 2011 Report Share Posted August 7, 2011 Hi Richard, Since 1929 the stock market has always had its ups and its downs. However, it always springs back higher than before. So, just hang in there and it will rebound as it has in the past. God bless! Richard, the Lion Hearted - the Lion of Judah that is! Link to comment Share on other sites More sharing options...
Luigi1 Posted August 7, 2011 Report Share Posted August 7, 2011 Get out. Markets are already down 20% in 2 weeks. People are beginning to panic & do a massive sell off. Pelosi & Reid are also re-introducing an older Resolution to nationalize our 401K & IRA accounts. I'm putting my money in metal mining & energy Cos like SCCO & NGG. Here's why...No matter what the markets are doing, these stocks pay at least 5% dividends on their shares. These Cos are not as volatile as gold, silver, copper & energy. 1 1 Link to comment Share on other sites More sharing options...
DinarProwler Posted August 8, 2011 Author Report Share Posted August 8, 2011 Thanks all for your thoughts! Link to comment Share on other sites More sharing options...
cooked Posted August 8, 2011 Report Share Posted August 8, 2011 Pulled my 401 money from the market last week saved 35k plus so far. Here little piggy piggy 1 Link to comment Share on other sites More sharing options...
Recommended Posts