Fund IRAs Now??
 

Will the next few day days be a good time to fund IRAs and invest in mutual funds? That was quite the hit wall street took today. Will they continue to plummet until they arrive on a rescue agreement or is this the bottom?


What sayeth thine crystal ball?

Re: Fund IRAs Now??
 

They advised to buy bonds tonight on TV.

Re: Fund IRAs Now??
 

I think the market will drop further tomorrow and make an excellent buying opportunity.

Re: Fund IRAs Now??
 

inflation linked bonds?

How about FDIC insured assets?

Re: Fund IRAs Now??
 

Now that things have dropped much more since the thread was started... is it time to fund IRAs?

Re: Fund IRAs Now??
 

I can't say for sure whether it is or not. i would be scared senseless to do it.

But one thing I can say for sure is this.

When you asked this question back on 9/29/2008... sitting here today I can tell you for SURE that that would NOT have been a good time to fund an IRA. :)

I am hoping that people will calm down over the weekend and things will chill out.

Only time will tell.

I pull ALL of my 401k's out of stocks about 6 months ago and I am VERY happy that I did so.

If I had any confidence that we were going to recover I would certainly enjoy a windfall by getting back in now...

I just can't muster up that confidence at this time.

Re: Fund IRAs Now??
 

I think I have decided to fund one next week ($5000) and another the week or two following.

Re: Fund IRAs Now??
 

I stopped contributing to by 401 K this week. I will wait until January and see where we are. If Obama is prez I will prepare for the RAPTURE.

Blessings, Rhoni

Re: Fund IRAs Now??
 

I just asked this question on another thread, yesterday!

If Hoover is willing to invest 5k, I think I can go ahead with 1k.

Re: Fund IRAs Now??
 

I was just talking to my friend who is a bank manager yesterday. He commented that Key Bank has gone from $40 a share to $7.00 a share. He owns a bunch of stock in Key because he gets it at a discount as an employee. And he is considering buying a whole bunch more because he feels very sure that things will head up in the next little bit. He also made the comment that if he buys a bunch of stocks at $7.00 today and watches the market closely, waiting for it to go to $10 a share (which is entirely possible in the course of any given day). Sell AT THAT POINT and voila! he's made $3.00 a share in profit. Even that isn't bad.

Just a thought. I'm considering doing some of that.