Hi Friends, I felt today is the horrible day in the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comffice:smarttags" /><st1:country-region><st1lace>US</st1lace></st1:country-region> market as the house rejected the Bailout plan. Was just watching the market news most of the day things looks really scary? Please share your experience.. Tulasi
I watch with a sinking feeling everyday when the Dow gyrates up and down! 401(k) is not doing good - but am holding still and not giving in to the panic that is causing to the ups and downs of the Dow. Take a deep breath ladies - I think we will be in this for a while now.
Although everything seems bad, this would be a bad time to pull out money, change allocations etc (assuming you are reasonably diversified). So stay put and hang in through the rough ride....
Its not good. But thats fine. Since even though holding institutions go down, 401K is not gone since its a completely different trust. No one can do anything about it. But the return rates may go down, that's the risk. You ave option to pull over or just sit back. With the history of such markets, I would just sit back and just take my mind of it !!! its going to be back.. but it might take a while...
I wish I knew... The market is too volatile going up and down and this too in one hour or even minutes! For me it is, sit still and wait for things to get better......that means lots of waiting!