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Thursday, July 13, 2006

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?

3 Comments:

At 7/13/2006 08:14:00 PM, Blogger Air said...

The market will continue to slide as the price of crude oil goes up. The looks of it, it looks like a bear market and a slowdown is in store.

 
At 7/14/2006 04:45:00 PM, Anonymous Jay Gatsby said...

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.

 
At 7/17/2006 06:17:00 PM, Anonymous ike said...

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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