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Old 10-10-2008, 06:05 PM   #21
Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 4,898
Originally Posted by Meadbh View Post
No, I wouldn't.

Here's what my advisors have said:

Cover your short-term needs.
Have faith in your long-term financial plan.
Keep your head.

My investment advisor, who manages my family trust, has said basically the same thing. We are 56% in asset funds. We have enough cash assets in the trust to cover 7-8 years of my expenses.

I sold 25% of my personal assets this summer and in Sept ( to tax harvest losses and also because I am a nervous newb not on advice from my advisor) So I have some cash to invest now. I put back in 10% into Vanguard Total Stock Index today and will see what happens in the future. I plan to dollar cost average but if we go down into the 7000's I will invest more.

I am actually really agog at this experience. I feel kind of guilty at how fascinated I am because I know that everyone, including moi, is suffering some really serious losses.

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