Posted by dhermesc on January 15, 2016 at 14:24:45 from (24.248.193.103):
In Reply to: Stock market posted by 37Chief on January 15, 2016 at 12:28:10:
My "theory" for what it is worth is that during a presidential election no one gets elected saying how good things are. Everyone talks about how bad the economy is an eventually the market starts to show it. In September 2008 I sold all my stocks and put everything in my 401k into money market accounts. The only problem was I should have bought back into the market in November but I couldn't screw my courage up until March 2009 when a lot of the stocks had comeback for the most part.
This year on October 1st I put everything in my 401k into money market accounts again, in November and early December I thought I might have screwed up - now I feel pretty good about it.
A while back I listened to a broker talk about if in 1955 you invested $10,000 in the stock market (index funds) on October 1st of every year and pulled it out on May 1st after 60 years you would still have your $10,000. If you put the same $10,000 in the market on May 1st and pulled it out on October 1st for 60 years you would have over a million dollars.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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