Comments on: 3 Ways to Fix Your Retirement Account http://www.stocktradingtogo.com/2009/03/05/3-ways-to-fix-your-retirement-account/ Investing Online Made Easy Fri, 20 Nov 2009 09:55:02 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Sammy http://www.stocktradingtogo.com/2009/03/05/3-ways-to-fix-your-retirement-account/comment-page-1/#comment-91639 Sammy Mon, 06 Apr 2009 19:14:41 +0000 http://www.stocktradingtogo.com/?p=4707#comment-91639 My situation is a little different. I went from 100% stocks to 100% money market in the summer of '07. I sat around for over a year wondering if I had made the right move, but the bet finally paid off for me. It isn't as hard as you make it sound to know when to decide to get back into the stock market. The way I explain it to my family is that we are simply waiting "for all the bad news to come out", and we are nowhere near having all the bad news posted - the government itself says so. Don't listen to anybody who tells you that by sitting out of the market you might "miss the bottom" because that excludes you from the great gains once the recovery starts. The objective here isn't to make gains, the objective is to preserve every bit of capital that you have. My situation is a little different. I went from 100% stocks to 100% money market in the summer of ‘07. I sat around for over a year wondering if I had made the right move, but the bet finally paid off for me.

It isn’t as hard as you make it sound to know when to decide to get back into the stock market. The way I explain it to my family is that we are simply waiting “for all the bad news to come out”, and we are nowhere near having all the bad news posted – the government itself says so.

Don’t listen to anybody who tells you that by sitting out of the market you might “miss the bottom” because that excludes you from the great gains once the recovery starts. The objective here isn’t to make gains, the objective is to preserve every bit of capital that you have.

]]> By: Kristin Harad http://www.stocktradingtogo.com/2009/03/05/3-ways-to-fix-your-retirement-account/comment-page-1/#comment-89617 Kristin Harad Mon, 09 Mar 2009 22:18:05 +0000 http://www.stocktradingtogo.com/?p=4707#comment-89617 Yes - it can be quite hard to fine the right financial planner. One way to help you feel good about your choice of planner and your ability to trust them is to have more than one conversation with your potential planner before you actually hire them. Make sure there is a 'personality fit.' Personality fit is often an over-looked factor. You want to make sure that you share the same basic philosophies with your planner. For example, if your planner is going to insist that you cut out your lattes each day, but you find them to be a $3 slice of heaven, you may not agree on larger issues either. Yes – it can be quite hard to fine the right financial planner. One way to help you feel good about your choice of planner and your ability to trust them is to have more than one conversation with your potential planner before you actually hire them. Make sure there is a ‘personality fit.’ Personality fit is often an over-looked factor. You want to make sure that you share the same basic philosophies with your planner. For example, if your planner is going to insist that you cut out your lattes each day, but you find them to be a $3 slice of heaven, you may not agree on larger issues either.

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