Jamie Diamond

[digthemup]

If I remember correctly, 2008/2009 had to be the wildest I’ve ever seen in my lifetime. I was retired for three years and watched $10K to $15K daily swings in my IRA. I was frozen and didn’t know what to do.

You have made a very good observation, so I would suggest to look into those past times at your actions and what would you correct, since you have lived through it and know how you were impacted by the adversities. it would be wonderful if you could share some of those corrections, since they may be some of us here that can use learning from them.

[Bassin08]

You have made a very good observation, so I would suggest to look into those past times at your actions and what would you correct, since you have lived through it and know how you were impacted by the adversities. it would be wonderful if you could share some of those corrections, since they may be some of us here that can use learning from them.

I was mostly invested in American funds, so you can move from fund to fund without a charge. I couldn’t move to the Bond Fund of America, because it was my largest holding and worst performing. I think my advisor moved me into a couple of their “safer “ funds. My wife retired that same year, so her 401K went into a 5% fixed annuity for 5 years. I know I made some mistakes but I protected most of our retirement savings. Right now I have been moving most of our money into CD’s and annuities. I guess how you handle it now depends on your age and financial situation. We have been debt free since 1997, so I haven’t been that anxious this time.

The one thing that I can say is, if you have debt, do everything you can to get out of it.

[digthemup]

I was mostly invested in American funds, so you can move from fund to fund without a charge. I couldn’t move to the Bond Fund of America, because it was my largest holding and worst performing. I think my advisor moved me into a couple of their “safer “ funds. My wife retired that same year, so her 401K went into a 5% fixed annuity for 5 years. I know I made some mistakes but I protected most of our retirement savings. Right now I have been moving most of our money into CD’s and annuities. I guess how you handle it now depends on your age and financial situation. We have been debt free since 1997, so I haven’t been that anxious this time.

The one thing that I can say is, if you have debt, do everything you can to get out of it.

I may be wrong, but I may have read that bold portion somewhere in the Scriptures. We are debt free with no hurry to get into the investment money, so waiting it out is going to be the game.