Re: Stocks / Investments
Steve, at the most, you may want to rebalance your Vanguard account. Do not panic sell and/or get out of your 401k. If you do, you'll probably pay about 50% in taxes. If you can get DFW radio station 820am, Ric Edelman has a very good financial talk show on Sundays from 11am-1. Or, you can check out is website at www.ricedelman.com and search his books on Amazon. The Lies About Money is a good read. I think he's about to release another book soon.
From what Ric said this morning, this is probably the best time to buy stocks we'll see in our lifetime. Think of it this way, the money going into your 401k plan is buying stock at a good price.
Remember, the beating is only on paper. The Dow was at an all time high just a year ago.
Last edited by InfernoRedXfire; Oct 12, 2008 at 01:22 PM.