So I finally switched to bonds
question everything
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Sat Oct-06-07 10:18 AM
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| So I finally switched to bonds |
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my 401K was 90% stock and as I am moving closer to retirement I knew that I needed to change. Started thinking about it in June and by the end of July the market of course, was going down.
So two days ago I finally moved to 76% stock, 8% money market and 16% bonds (short and intermediate terms) and what happens? The bonds go down.
Sigh.
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| DrDan
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Mon Oct-08-07 08:00 AM
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| 1. patience . . . you must have patience . . . |
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I have much more of my retirement funds in bonds . . . and am comfortable with that . . .
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| question everything
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Wed Oct-10-07 12:49 AM
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| 2. Thanks. I will have to |
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We just cannot afford to have that long time horizon that we had back in 1987 or even in 2002 when we could wait for the market to rebound.
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