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03-05-2009, 05:31 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Some very sound advice
An interview with Liz Ann Sonders on Tech Ticker. The interview is worth watching, some bullets below.
Quote:
Liz Ann Sonders, chief investment strategist for Charles Schwab, says now is not the time to hoard all your money in cash and abandon stocks altogether, as tempting as it may be. Clearly that's not a viable long-term investment strategy.
Instead, Sonders advises:
- Get a plan, it's never too late to start one or get your "old" one back on track.
- If you're going to panic, do so "intelligently" by making incremental portfolio changes to reflect your tolerance for risk and time horizon.
- Don't try to bottom pick the market.
- Don't forget about savings when the bull market reappears.
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DD
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03-05-2009, 05:35 PM
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#2
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Dryer sheet aficionado
Join Date: May 2007
Posts: 31
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I remember her when she was on with Uncle Lou (when she had that big frizzy hair). Good interview, she really makes a lot of sense, plus she is very easy on the eyes.
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03-05-2009, 05:38 PM
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#3
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 331
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Quote:
Originally Posted by DblDoc
An interview with Liz Ann Sonders on Tech Ticker. The interview is worth watching, some bullets below.
DD
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This depends on what stage of life you are in. If young, go head first in market, if about to retire, hmmmmm, if retired and in cash, stay in cash, if your holding are down, and retired or about to, hang in there.
She works for Schwab, if it were up to Schwab, everyone should take whatever they have left and invest in market, schwab can't lose, you can.
Experts have told us that even old farts should have a good portion in market, really ??
The financials services industry is just that, an industry, there are other alternatives out there.
At present, we have no idea where we are heading, there may very well be good opportunity in the market, I think there is, but if putting your foot in means you ain't gonna sleep, better to sleep. A good nights sleep is priceless.
jug
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03-05-2009, 05:48 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Quote:
Originally Posted by jug
This depends on what stage of life you are in. If young, go head first in market, if about to retire, hmmmmm, if retired and in cash, stay in cash, if your holding are down, and retired or about to, hang in there.
She works for Schwab, if it were up to Schwab, everyone should take whatever they have left and invest in market, schwab can't lose, you can.
Experts have told us that even old farts should have a good portion in market, really ??
The financials services industry is just that, an industry, there are other alternatives out there.
At present, we have no idea where we are heading, there may very well be good opportunity in the market, I think there is, but if putting your foot in means you ain't gonna sleep, better to sleep. A good nights sleep is priceless.
jug
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If you listen to the interview most of your points would be addressed...
DD
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03-05-2009, 06:13 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,071
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She is a good one to listen to. But she left a lot of wiggle room in the clip. Basically said there is no one answer for all as to if now is a good time to invest. If you are young, probably so. If you are much older and need everything you have left, probably not.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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03-06-2009, 06:09 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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She does say that Panic is OK. That must be why they let her on TV.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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