On Nov 6, 9:30 am, "Eisboch" wrote:
"Canuck57" wrote in message

news




"Eisboch" wrote in message
m...

"Tom Francis - SWSports" wrote in
messagenewsfj5h41uc5ji8khccpgaa15ti22hkli31t@4ax .com...

On Wed, 5 Nov 2008 18:34:01 -0800 (PST),
wrote:

So, my retirement fund loses $80,000 due to Dem Chris Dodd of the
banking comitttee and Barney Frank and the other dems who refused to
take action in 2005 when they were warned their actions were
endangering the economy

No - you lost $85,000 because you were stupid enough to keep your
funds in whatever type of account you had it in.

He hasn't "lost" anything unless he bailed.
Better to sit it out.

Eisboch

Only to a point. Last April I bailed off the US markets but keep to much
in the foreign markets. I had the right idea, but underestimated the
depth of this one. Still, not hurting as bad as many.

I don't see a domestic buying opportunity, I suspect this depression of
stocks is going to be with us for some time to come.

You might want to read this:

http://finance.yahoo.com/expert/arti...einvest/118916

Eisboch

I do not expect the real value of the market to significantly increase
in the next 4 years because the crooks who caused the problem are now
firmly entrenched in congress and nobody in their right mind would
invest in mutual funds, etc under that condition. Specific stocks may
go up but funds that are arranged to minimize risk will not.
Furthermore, I have realized that a traditional IRA is not a good deal
for me because I expect to still be working at age 70 and to still be
in a high tax bracket so there is no tax savings at all.