Mutual Funds

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Villagebelle

We have about half of our retirement savings invested in mutual funds.

As we all know, in the last couple of weeks, the market went down quite a bit.....and the future does not look too good either.

What would you experts advice us to do.

My husband plan to retire in the next 7 years and me, within the next 10 years.

Should we ride this out, or is it time to cash out and go to GICs?

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dara shikoh (Guest)

Read a book called "Hot Commodities" by Jim Rogers. But keep in mind that one has to track him as the commodity demand changes. He seems to know what he is doing. From May to now, I only invested about 15thou with the index, and it is already yielding 1600. That is rather conservative, but I am not going to be any more aggressive unless it is a sure thing. And we know there is no such thing. Except when i put an IPO out for DJC inc. Dara's Jharray Claats inc.

7/1/082:49 PM

VillagebelleProud Nanee

quote:
IPO out for DJC inc. Dara's Jharray Claats inc.

Oh shucks.....it now has an official business name!!!

7/1/083:53 PM

Former Member

quote:
Should we ride this out, or is it time to cash out and go to GICs?

Not too good a time now to sit and see the losses accumulate, High Yielding Money Market, Short Term Govt Treasuries and Bonds for a three months period, will guarantee that you do not lose anything but gain a little.

Cheers.
.

7/1/085:35 PM

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