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Personal Finance and Investing

lastlib

(24,920 posts)

2. Your age is a factor to consider...

Reply to Maxheader (Original post)

Sat Nov 17, 2018, 07:47 AM

Nov 2018

If you're under 50, I'd say ride it out--look for the bottom and buy in some more. 50-60, reduce exposure by maybe half. Over 60--bail.

I'm in the 60+ set, and I'm looking real hard at getting out.

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Have had thoughts about cashing in the funds... [View all] Maxheader Nov 2018 OP

Imo, a very old, hyper-extended bull. empedocles Nov 2018 #1

Your age is a factor to consider... lastlib Nov 2018 #2

Excellent point, lastlib. Get some good advice on the right mix. Consider index funds. Nitram Nov 2018 #9

I put everything in a money market in February. Haven't lost a dime Squinch Nov 2018 #3

And rich people don't spend money either (not as much percentage wise), so big hit coming...nt SWBTATTReg Nov 2018 #4

Exactly. They hoard it and move a lot offshore. Squinch Nov 2018 #5

Exactly what typically happens with the GOP!!! n/t RKP5637 Nov 2018 #6

I taking about 50% out of investments and putting it in CDs and sinkingfeeling Nov 2018 #7

Nope. The market was due for an adjustment, and it will be going up and down for a while. Nitram Nov 2018 #8

If I may....... A HERETIC I AM Nov 2018 #10

One can switch funds within the same fund family and avoid capital gains taxes ?? progree Nov 2018 #11

You are correct, I was wrong! Should have taken the few seconds to Google first! A HERETIC I AM Nov 2018 #12

What funds? PoindexterOglethorpe Nov 2018 #13

No financial advisor... Maxheader Nov 2018 #14

Keep in mind that PoindexterOglethorpe Nov 2018 #15

Yes...I've no intuition regarding Maxheader Nov 2018 #16

It did rebound and went on to set new all time highs progree Nov 2018 #17

Message auto-removed Name removed Nov 2018 #18

In the past I've used financial advisors with investment Maxheader Nov 2018 #19

Morningstar ratings are based on prior years performance. A HERETIC I AM Dec 2018 #20