Is it time to pull out of mutual funds?

Question

i have about 80% invested, mostly in U.S. stocks (some foreign), and about 20% bonds. I plan to keep it in there for at least 10 years....but with the way the market has been doing, have been panicking somewhat. We seem to be in a much bigger crisis now than in recent recessions. Thanx for any input.

Answer 1

Well, if you are still 80% invested in stocks, stay that way.  This pain may continue a while, however, it is presenting you with an opportunity to invest more money at much lower prices.  With a 10 year time horizon, you should be looking at opportunities to invest, and saving as much money as you can to take advantage of these low prices.  They could go lower, so consider scaling into any new positions on a piecemeal basis.  

Scott Cole

www.kungfutrader.com

www.theultimatestocktradingsystem.com

Answer 2

Why would you pull out now after a 20%+ drop in the market. Why does everybody want to sell when prices are cheap and buy when prices are high. Next time you're thinking about lightening up on your portfolio,do so when stocks are reaching new highs, not new lows. Good luck.

Answer 3

It was a huge crisis in the 1970s too, much bigger, yet that was the best time to buy stocks. Some of the best returns in history came during the Great Depression. That was the Mother of Crisis.

Answer 4

GET OUT OF STOCKS NOW!!!  IT WILL GET WORSE.  

BUY GOLD, SILVER, PLATINUM, PALLADIUM. (physical, not stocks)

Answer 5

Actually, I agree with both of the 1st 2 responders.  I do think stocks will probably continue lower but I also agree with the 1st responder.  Why is it everyone wants to buy stocks when they are high but not when they are on sale.  They are a whole lot better buy today than they were last October.  Think of them as being on a 20% off sale, some 50% off.  There is the potential of dropping another 30% but there is also the potential that there are some real bargains out there now.   I do like to shop for bargains.