Harmonic Wealth

401k

Posted By Gregg on 2008-10-12 19:35

James now is the time to be adding extra to your 401k, everything is becoming so very cheap, it would be better to do your homework and pick good companies that have the back up cash to whether the storm, and pay great dividends (cheques in the mail), in america I believe kbr, pcr, john deere are great companies and there stock is only taking a beating because of fear, Jim cramer is a great man to read and watch, www.thestreet.com, I'm in Canada, so I am playing up here, and I'm excited, it's like going to your favourite clothing store and getting half off, sure not so good for the guy that bought last week, but good for me. I'm reading think and grow rich, which is describing a similar situation, of men becoming equal.

thanks

Gregg

Make the Situation Work for You

Posted By Debra Cartier on 2008-10-17 07:26

I totally agree with Gregg's comment (posted 10/12/08).  Those with cash to invest are in a great position right now.  Find companies that have a good track record and invest in them.  You can make the situation work for you rather than letting fear commandeer your common sense,  Even in such times, the Law of Attraction IS!  It doesn't come and go with the wind, Just like gravity, it exists.  Stocks are all on sale right now so go shopping and reap the benefits.

Debra

Dollar Cost Averaging & Negative Press

Posted By Kathy Gossett on 2008-10-18 00:26

Viansa,

Debra and Gregg are right on track! 

If you are more than 10 years from retirement, you can take whatever risk you can tolerate in your 401K and ride the roller coaster.  Keep making those monthly contributions.  As the market fluctuates your money is buying in at lows and highs so you end up with "dollar cost averaging."  Your "loss" is only on paper unless you sell and lock it in.  If you are in a well diversified portfolio of mutual funds, just be patient.  After the crash of 1987, most quality stocks came back up to their normal levels within about a year. 

If you are investing in individual stocks, the rule of thumb is to cut your losses and ride your gains.  If your stock drops 10%, you sell.  You can buy it back cheaper if it keeps dropping and you still think it's a good long term stock. 

If you are less than 10 years from retirement,  you may want to consider slowly shifting some of your assets into "safe" investments such as Treasury Bonds and Money Markets to retain your principal. 

Either way...stop listening to all the negative hype!  Most of what is going on in the market is cyclical and the pendulum will swing back again in the future.  Stick to your long term plan and don't micro manage it. 

Remember...Energy flows where attention goes...stay positive and keep on truckin'!

To Your Continued Abundance,

Kathy

Posted By Viansa on 2008-10-28 13:44

You are all right! Thank you all! I will keep my 401k contributions and keep investing, I'm actually grateful that I have a good paying job that allows me to contribute to 401K and help people. I just came from a fantastic RE seminar and I made written offers on positive cashflow houses so we'll see! Money requires hard work. I'm organizing and keep playing this game with much enthusiasm.

Abundance to all of us!

Jim Cramer??!!

Posted By Keith Plane on 2009-03-31 08:47

While I do agree to keep investing but please I know BS when I hear it and Jim Cramer is full of it!! Please do your own homework and use your intellect to do what you need to do. People please stay away from these liars and talking heads, they know nothing and if anything perpetuate the false doctrines that got us here in the first place!!