crazy connie
Thinks s/he gets paid by the post
- Joined
- Feb 1, 2006
- Messages
- 1,183
It has been a perplexing period of roller coaster riding in the markets. My basic all time high came in Oct of 2007. That was when I started a 72T early distribution on my pension rollover IRA. By the late summer of 2008 when the markets went schizoid the account was down by 5%. During the last 8 months it had gone down by as much as 50%. I have been active in daily management of trades and have refined my expectations a lot over the past few months. Today it is finally back to what I consider being in the green. PHEW!
That being said, I am very pleased to say the least. Now, I will focus more on my 401K which is still in the mud and down 40% from the high when I took over managing it last July.
I eliminated the Financial Advisor on everything in June of 07 but now feel comfortable enough to sail my own ship. My friends who are still with the FA are still 30+ % down and his expectation is maybe in second half of 2010 or 2011 for them to get healed.
That being said, I am very pleased to say the least. Now, I will focus more on my 401K which is still in the mud and down 40% from the high when I took over managing it last July.
I eliminated the Financial Advisor on everything in June of 07 but now feel comfortable enough to sail my own ship. My friends who are still with the FA are still 30+ % down and his expectation is maybe in second half of 2010 or 2011 for them to get healed.