Disappointing Market Peformance
The market has been performing poorly this past several month. My portfolio is down a great chunk. It would have been better if those money were sitting in a high-yield savings account. I'm thinking of going more towards cash if the market continues to decline. What's your view on the market's performance over the next five months?
posted by Sean @ 7/13/2006 04:14:00 PM
2 Comments:
Actually, now is probably a good time to buy mutual funds you expect to hold onto for an extended period of time. I did so a couple of years ago when the market took a real dump, and even bought a bit during the dot-bomb meltdown. Those funds are up nicely.
Don't try to time the market, but keep some powder dry for buying opportunities.
I would agree with the other two comments - I don't see an upswing in the market until we get our energy crisis under control.
With most of the big online savings banks (EmigrantDirect, HSBCDirect, etc) offering more than 5% APY, a cash savings account with one of them might not be a bad idea. 5% is nothing to sneeze at!
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