Jiffy, Jiffy, Jiffy....last year at this time we were sitting Dow at 11,000, S&P at 1250, Russell at 680......I hope the sky falls like that every year! If that happens annually, I'll send my G-4 to gather you all for a retreat on my private island in the Caribbean! Words of wisdom.....I've already given them - diversify, diversify, diversify. Understand your tolerance for risk and act accordingly. There is a whole lot of smart money that will be made in the fixed income markets in the very near term. I hope some of it will be mine.....hang in there. This too shall pass.....didn't we rebalance our portfolios 800 points ago on the Dow????? 8) Taxes don't seem like a bad alternative now are they?
Jiff..count me with the chickens, not chicken littles. Went from growth to income years ago and rarely check the market. Have not been affected by its vicissitudes. Yield has been over 10%
Jeeeezzzzz Jiffy, I go on vacation for a couple of weeks and you let this thing go to crap! :lol: Hang in there, a good 10% correction is quite normal and quite healthy. The domestic and world economies are quite healthy, valuations never got out of line and I would expect they are looking quite attractive these days. No doubt the credit issues will take time to sort themselves out but the Fed has quite clearly said they are ready and willing to provide whatever liquidity is necessary to grease the skids in the process....I would expect there is money to be made here.
OMG TBUCK!!!! Next time you go away...please tell me!! I need somebody to KVETCH to lololol!Of all times for you to be way...I even thought you might have JUMPED!! jif
Jiffy, Jiffy.....the S&P 500 is up 12.1% year over year with an additional 1.8% dividend yield giving us an annual return on large cap equity money approaching 14%......life is good my friend. Stay diversified, maintain your portfolio allocations, rebalance periodically, relax and look upon major corrections as just that... Having said that, I took the family down to lower Manhattan just last week and upon reaching Wall Street and the NYSE, my 10 year old asked me to explain to her how it worked......I told her that I thought I used to know but now wasn't quite so sure......! :lol:
Jiffy, we did indeed "zip" or shall I say crawl up 95 all the way up to Maine. Passed right through the mini-state, stopped for a few days in Boston on our way up. It has been my experience that one doesn't "zip" up 95 quite as often as one crawls, bumper-to-bumper, with the rest of humanity. Ugh.....