I have had a small 401, as has my wife,left over from cashing much of them out to keep the business running. Less than $4k total. They lost about 40% at one point but have regained some. I'm 62 so not much recover time left anyway. I actually put the 401's out of mind and don't fret about them.

Recently I have been investing in small cap stocks in oil/gas exploration companies. Very risky, so small chunks in several companies. Cathy has some tech stocks (Adobe). Bank stocks went very south so we took advantage and bought a lot of them last week. Paid off so far.

Oil stocks are way down, techs are waffling and the financials are begining to climb.

If you add them all up we are just south of even on our portfolio. The market is at 9,000 with nothing but up in the future, I'm optimistic.

I believe the market will continue wild swings for the next few months and then settle. Best advice I ever got on it was, "If you don't want to get hurt on a roller coaster, don't jump off. Wait till the wild ride is over."

roadster with a stick


roadster with a stick

 

That is a great quote....

I am lucky to be investing so heavily at this point. While some may not see it as a good idea, I do. Right now I am not investing in the money. I am investing in the shares of stock. With the world markets so low right now you can get "more bang for your buck". This is allowing me to get more of a foothold in the door and set myself up for much better financial gain. At this point is doesn't look great, but once the life preserver that is our economy starts floating again the world markets will receover accordingly.

 

Good decision. This might be the best buying time of our lives. At least I hope so.

 

I remember when I was young and optimistic too. I'm still optimistic but older and more conservative with my investments as I should be. You're doing the right thing and you may be the next Warren Buffet, I'm pulling for you. There should be some bargains out there. Stay the course ZAHANMA, stay diversified. It's going to take 1 to 5 years at least to get out of this mess.

 

Zahnma and Inferno are right. This is a good time to invest. The Dow is down 25% from three weeks ago. Your dollar is still the same. There are undervalued stocks everywhere.

I have never had more than a 401 until recently. Kinda glad I didn't have a lot in the market when it tanked. That said, I'm in now

I bought stock 4 weeks ago, at what was then a bargain, which I could by today for less than half what I paid. Instead of dumping and running, I'm buying more.

Long term, the market has always improved. Some stocks may never come back, so don't concentrate on a few hopefuls. Spread your purchases around, some industrials, some banking, some techs and one or two "hail Mary's"

So long as your kids don't starve, if you can weather it out, the stocks will overperform any money stuffed in your mattress. Again, this is a roller coaster ride. The worst thing you can do is jump off.

roadster with a stick