JPatrick
Thinks s/he gets paid by the post
- Joined
- Jun 3, 2005
- Messages
- 2,610
In a few minutes I will have liquidated about 50% of my IRA. Selling a variety of mutual funds with the biggest chunk from an S&P 500 index fund. Most of this to sit in a MM account for the time being, while some goes into oil and oil service.
My thought process- - I think the next few weeks o even until after Labor Day could be tough sledding due to the Feds action, oil prices, terror/war, 2nd qtr downers and on and on.
On the other hand oil still looks good for now and seems to be about the only investment I want to hold over long weekends.
For the cash I have raised I'm looking at putting it in my high yield funds.
Good Move or Otherwise?
My thought process- - I think the next few weeks o even until after Labor Day could be tough sledding due to the Feds action, oil prices, terror/war, 2nd qtr downers and on and on.
On the other hand oil still looks good for now and seems to be about the only investment I want to hold over long weekends.
For the cash I have raised I'm looking at putting it in my high yield funds.
Good Move or Otherwise?