401k Investing Watching the Market For Our Time To Get In or Stay Out? Watch the 401k investing video here for a follow up to what we talked about the day before. There are very exciting times, however we must be VERY careful. If you are conservative then it’s easy, you are staying out and waiting for a more conservative time to get in because all the longer term conditions point to the awareness that the markets are still biased to the downside.
Is it time to invest my 401k or is this a Bear Rally? 401k investing can be quite confusing for a new investor. Today we are going to make some sense of this big bad bear stock market. Is it time to invest your 401K? Or will this market keep going down? Here is the thing that you have got to realize…
It looks like a bottom may be here, but remember we don’t speculate, we observe and let the markets tell us that we have found a bottom. It depends on what comes out over the weekend but we may be looking at a significant move next week.
As investors we only get into the markets when they are trending up. We do not know how deep this recession will go. The worst advice given (not that I am giving investing advice, because I don’t do that), is that you should buy on the way down. If you want a guaranteed way to lose money, then do just that.
To kick things off I would like to go over the government’s proposed $700 Billion Dollar Bailout plan. I’ve been a little uneasy about rushing into this whole bailout band aide. First of all it is a very complex situation that we have gotten ourselves in, and I really don’t have a lot of faith that our politicians can come up with a plan that will miraculously fix things over a weekend. Come on, give me a break…