Jarhead
Gold Member
- Jan 11, 2010
- 20,670
- 2,378
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You mean the market tanked and your 401k decreased in value. I wonder what could turn that around?
LOL
We have two IRA's and in fourth quarter 2008 I quickly moved everything to cash and then when it hovered at about 2000 points down got back in. I ended up after about a year making about 15%.
Yeah right. Another one claiming to be able to "time the market".
I believe it....not sure what advantage he would have to lie about it.
When we refinanced last, my wife was adamant that we not take an ARM (she is a real estate settlement attorney).
She expolained to me that it is her estimation that the real eststate market was going to take a major turn for the worse and the liklihood of being able to re-fi when the ARM teaser rate expired was slim at best.
She was correct.
Do your due diligence and you can not be overly hurt by the big bad evil people on wall street.