tag:blogger.com,1999:blog-4083613814221308131.post3560286221044984..comments2023-04-03T17:12:03.031-04:00Comments on Jamie Neutron: I got my mind on my money and my money on my mindJamiehttp://www.blogger.com/profile/05875801628491398548noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4083613814221308131.post-43928141507365940012008-10-14T23:44:00.000-04:002008-10-14T23:44:00.000-04:00I agree with Mike, you need to sit tight and not m...I agree with Mike, you need to sit tight and not make any rash decisions. Realize that information drives prices, and no matter how great an opportunity you think you see, the market already has the information you do, and is in the process or already finished equaling out based on that info.<BR/><BR/>I've suggested this to you before, if you really cannot handle watching your money go down anymore, put your money into a T-bill or some other "riskless" security (quotes because nothing is truly risk free, it's just assumed the government wont go bankrupt". It's not going to earn you very much, but it'll be a good way to make sure you don't lose much more. Then, when the market picks up, go back to your mutual funds, or stocks, or what ever you feel comfortable doing.<BR/><BR/>There are also a ton of investment tools out there. Find one that will tell you what to invest in given your age, goals for the money, ect. When they ask you what type of investor you are, definitely select "conservative" :PDallashttps://www.blogger.com/profile/17939861715673199912noreply@blogger.comtag:blogger.com,1999:blog-4083613814221308131.post-89710669123316575242008-10-10T23:47:00.000-04:002008-10-10T23:47:00.000-04:00Hanerz, number 1) the stock market hit a high of a...Hanerz, number 1) the stock market hit a high of approximately 14200 last summer...so it has already had a 30% correction, in fact we're about -40% from the highs right now. Number 2) you can start buying cheap stocks soon...once people realize that there are a lot of good companies (with good management) that are being sold off just because everyone else is selling. Just sit tight dawg.Michaelhttps://www.blogger.com/profile/08045238969594261867noreply@blogger.com