OldAgePensioner
Thinks s/he gets paid by the post
- Joined
- Jun 1, 2005
- Messages
- 1,352
the market again.
The last 2 weeks have proven that you could be wiped out quickly by some ignorant comments by a Fed Chief. -100 days for two weeks just because some idiot decides to mumble. That's what I hated about Greenspan. He had little to say but every word was an "Omen" of doom.
I'm taking the big hit on my $1.2 mil after tax portfolio and going cash. I will use 1/2 the money to buy an abode, buy furnishing, and a Hummer H2. Buying in Arizona. The rest will be put into an annuity that covers most living expenses. Then I'll buy survivor supplies for years.
Tired of watching oil prices, commodity prices, the DJIA, NAS etc.
The 401k will stay in the market and most likely go to zero but if I leve to see 62, SSN will at least pay $1,500 a month.
The market sucks.
The last 2 weeks have proven that you could be wiped out quickly by some ignorant comments by a Fed Chief. -100 days for two weeks just because some idiot decides to mumble. That's what I hated about Greenspan. He had little to say but every word was an "Omen" of doom.
I'm taking the big hit on my $1.2 mil after tax portfolio and going cash. I will use 1/2 the money to buy an abode, buy furnishing, and a Hummer H2. Buying in Arizona. The rest will be put into an annuity that covers most living expenses. Then I'll buy survivor supplies for years.
Tired of watching oil prices, commodity prices, the DJIA, NAS etc.
The 401k will stay in the market and most likely go to zero but if I leve to see 62, SSN will at least pay $1,500 a month.
The market sucks.