[Chris White] I didn't bother messing with real estate during the boom/fail - but - mid-next year? I might flirt with the notion
- Enrique Gutierrez
from twhirl
@chris... if people are looking at their current portfolio value, or current home value and comparing it to just a few months ago, all they're going to do is get scared and pissed off.
- .LAG liked that
So did you pick your stocks for that portfolio, or did you diversify outside the US?
- Ernie Oporto
@chris... i was one of those people who DIDN'T buy that expensive house... like two years ago. it wasn't that i thought the real estate or mortgage brokers were lying to me... it was this: i looked at what i was potentially getting for the offered prices, and i'd say: "you gotta be goddamn kidding me...this house is not worth THAT!" i live in the Bay Area. i think a lot of people got bamboozled...and were greedy and foolish. now, we're all going to have to pay. so nut up, and tighten your belt.
- .LAG liked that
@Mike, we just might. I'm amazed that the 401k mutual funds are doing even worse than I am! According to Mint.com, if I lost the average amount that I've been losing over the last two weeks, my total value will hit $0 in two months.
- Louis Gray
Some good companies are getting close to their cash value. Non- financials my be a good buy.
- Robert Hafer
I attended a talk by Mary Hunt on Thursday night. Her advice: if you're not about to retire, don't look at your 401k balance right now.
- Ontario Emperor
from fftogo
Whoa that looks absolutely terrible. *hug*
- Susan Beebe
just to clarify: my short term money (say this year and last) has done phenomenally well. my longer-term money, however - such as old-age dough - has been whacked, although not severely.
- Anthony Citrano