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I just moved all of my money OUT, that's right OUT of stocks and into bonds and other capital investments. Do you think this a wise move in this economic environment?

asked Jun 17 '10 at 02:24

SMGBobbyScott's gravatar image

SMGBobbyScott
991204649

1

Let me make the following caveat...the move was made right after the stocks reached their 52 week high over 11K and before the most recent correction. By doing that I made about 46% and avoided the recent loses. Given the status of the housing market, lack of real financial reform world wide, and the condition of the European/Asian markets, I find it hard to believe that the markets will have much upward traction in the next 12 months...after that certainly, but not before.

(Jun 17 '10 at 11:30) SMGBobbyScott SMGBobbyScott's gravatar image

never gonna touch it!

(Jun 17 '10 at 11:59) SparksMaker SparksMaker's gravatar image

Never? That's an awful long time dude!

(Jun 17 '10 at 22:43) SMGBobbyScott SMGBobbyScott's gravatar image

I think now would be a good time to buy, because stocks will come back eventually. I also think you might want to invest in Apple, after all, they are releasing their new line of iPods in September. You should see a major rise then.

answered Jun 17 '10 at 22:49

chadt4's gravatar image

chadt4
12.5k100157257

Apple seems to be the only stock that might be recession proof...something to consider!

(Jun 18 '10 at 01:47) SMGBobbyScott SMGBobbyScott's gravatar image

I would stay away from the stock market mostly and stick to other investments like bonds and Roth IRA. I would only consider investing in stock market after I hit the yearly limit on those and only invest what I'm willing to loose.

answered Jun 18 '10 at 04:23

Lestat611's gravatar image

Lestat611
2.1k103114136

Tax free investments sound REALLY GOOD!

(Jun 18 '10 at 07:05) SMGBobbyScott SMGBobbyScott's gravatar image

nope, a bad move, stock market r always gonna rise after they fall. so very foolish move.

answered Jun 17 '10 at 08:15

nepdude101's gravatar image

nepdude101
(suspended)

I'm absolutely loving my Ford stock, among others. It's almost never a good idea to flee the market entirely, and you've waited an awfully long time to jump ship -- lots of stocks (like Ford) are flying well now. If you're near retirement age, maybe I can see liquidating one's stock portfolio, but anyone else should be in there and enjoying the ride.

answered Jun 17 '10 at 10:03

ageekmom's gravatar image

ageekmom ♦
8.4k43148322

1

I'm only 16, and I bought 3 shares of Ford back when it was 70% lower. I'm happy. :) (My Dad bought 200-some shares for an even cheaper price)

(Jun 17 '10 at 10:25) eddieringle eddieringle's gravatar image
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Asked: Jun 17 '10 at 02:24

Seen: 666 times

Last updated: Jun 18 '10 at 07:05