I spent a good portion of Monday spending too long reading about Lehman Brothers, Merrill Lynch, and AIG. To be honest, given my travel insurance is through TravelGuard/AIG I had more of a personal stake in that. Are my 401K, Roth and SIP not looking so great? Well yeah, obviously. But, I’ve got a good 40 years before I touch my 401K and IRA, so if you ask me, mutual funds are on sale. Someone on a message board I read made a point I think bears repeating-right now, any loss my accounts have are paper/unrealized losses, if you bail on your finds now, they become real losses. I can’t fault people who need their investments soon shuffling stuff around, but I’m in this for the long haul.
And I feel fine
And I feel fine
3 responses so far ↓
1 nicholmom3 // Sep 19, 2008 at 9:17 pm
I agree with you, I hate looking at our investments right now, but I wouldn’t dream of moving anything. We still have many years before we need that money, and to move it now would be financial suicide. I have however, moved a portion of our future contributions to lower risk funds, so that we can hedge our bets a bit.
Ummm.. I have NO idea what your title means! very creative though!
2 hedy // Sep 19, 2008 at 9:41 pm
Lol-it’s from The end of the world (as we know it) by REM
3 nicholmom3 // Sep 21, 2008 at 12:23 pm
well that explains it! I haven’t listened to them in quite awhile.
Now I feel silly.
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