First of all thanks for replying, especially when you're busy moving!
I have heard that before, that at this point in my life micromanaging my IRA isn't productive. The problem is, I've already been through a crash: soon after I set up my IRA its value got halved. And right now I'm not reacting to short-term fluctuations; I think another crash is coming. Even if it doesn't, it's not like the economy's going to spring back to life in the next year, so for the time being I want to move at least half of my IRA to something stable, something safe. If the economy does crash again I don't lose nearly as much, and if it doesn't it's not like I'll miss out on massive gains, so to me it seems like the best choice right now. If it ends up doubling my money down the road then it's worth it!
I want to, if not move all of it somewhere safe, at least split it 50/50 to cut potential losses in half. A few years ago bonds were considered bulletproof but with companies, municipal governments, even countries going into default they aren't any more. And with stable bonds it seems like the actual gains are nearly zero, so while the money might be safe it would also be comatose. :-/ That's why I'm wondering what a safe, but at least marginally productive answer is...
I'm not sure how that matters; I don't want my IRA to get hosed again, and I think the risk in the stock market right now is far greater than any likelihood of real gains.
I have heard that before, that at this point in my life micromanaging my IRA isn't productive. The problem is, I've already been through a crash: soon after I set up my IRA its value got halved. And right now I'm not reacting to short-term fluctuations; I think another crash is coming. Even if it doesn't, it's not like the economy's going to spring back to life in the next year, so for the time being I want to move at least half of my IRA to something stable, something safe. If the economy does crash again I don't lose nearly as much, and if it doesn't it's not like I'll miss out on massive gains, so to me it seems like the best choice right now. If it ends up doubling my money down the road then it's worth it!
I want to, if not move all of it somewhere safe, at least split it 50/50 to cut potential losses in half. A few years ago bonds were considered bulletproof but with companies, municipal governments, even countries going into default they aren't any more. And with stable bonds it seems like the actual gains are nearly zero, so while the money might be safe it would also be comatose. :-/ That's why I'm wondering what a safe, but at least marginally productive answer is...
Reply
Reply
Reply
Reply
Leave a comment