Quote:
Originally Posted by marketsmart
a lot of people i know pulled all their money out of the market in the last month knowing that this would probably happen and after going through this shit a few years ago where they saw their portfolios lose 40-60% worth in a year..
some people seemed to have learned their lesson..
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Smart folks! I kept my funds in as I have most of my funds to a balanced long term approach (being as I'm only 30). Ive been withholding contributions for 3 months though, as I too saw this coming, opting to place those funds into a "high yield" savings instead.
Also, I got the underwriter approval on my new home last week, with a rate lock, and an option to slide to a lower rate if one is available. IllTestYourGirls, that makes total sense. Right now, I think we'll be in a wait and see mode for at least the next couple weeks in regards to interest rates. A dip in home purchases would really put the brakes on the minor recovery we've seen in that market.
