Thursday, March 01, 2007
Hold on to your hats!!
People are starting to panic. There is NO need to panic. Unless most of your 401k is in that international fund that you know nothing about. The market could correct as much as 5% more, its down a total of about 4% as I'm writing this. Its been over inflated for a while. I was lucky to have my cash account not in anything at the time of the drop. I also had about 20% of my 401k in cash also. I got hit pretty hard, but only about average. I think I am still up for the year, even if its only a little. I picked up some more TM today, my 3rd purchase now. I also got lucky and pulled the trigger on DB two days before things fell. Granted I spent that cash on cell towers which have tumbled.
That's all for now. Again, don't panic. May be time to bu a couple of dividend stocks, see a few posts below for some that I like.
That's all for now. Again, don't panic. May be time to bu a couple of dividend stocks, see a few posts below for some that I like.