IF you have not learned yet - the hedge funds and banks run the market now and it is time to sell. Time to take what is left of your 401K sell it and invest in gold or something tangible. The only alternative to this is to buy some stocks that actually pay a divedend.
For investors who are panicking, T. Rowe Price Group Inc. (NYSE: TROW - News) suggests putting a process in place for liquidating portions of your portfolio gradually—such as liquidating 10% today, and then later, maybe in a week or a month, liquidating another 10%, until you "regain your emotional equilibrium,'' says Christine Fahlund, a senior financial planner at the Baltimore firm.
For a "balanced account'' with at least 30% bonds along with equities, he has reduced the projected rate of return to 3.5% to 4%, down from 5% to 6%.
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