Use access key #2 to skip to page content.

iksnamyzs (79.23)

How I am going to handle the market downturn.



March 04, 2007 – Comments (3)

I am buying some short term bond funds because of the market downturn and because of Greenspans remark that it's possible a recesssion may be coming. The market is too risky for me ,so I'm hoping to presersve some money instead of having to deal with sleepless nights. Hopefully, the downturn is shortlived and not a long term event so I will be jumping back into the stock market soon. However, I am limiting this to a 50% allocation.

3 Comments – Post Your Own

#1) On March 05, 2007 at 6:54 AM, devoish (78.16) wrote:

I have my kids college expenses starting in 3 years, so I am also not taking chances and am reducing my exposure to the market in the amount of the first three years.

Unless I start to feel better about stocks, or can find another source of funding.

For the following years (which are 6 years away) I am still counting on the Fools and stocks.

I am putting the money into citibank savings at 5% though.

What are your bonds earning?

Report this comment
#2) On March 05, 2007 at 1:08 PM, iksnamyzs (79.23) wrote:

Sorry for the delay to responsd to your question-what are your bonds yielding? but, I had to look up the answer. Last quarter, for which I found a record of the bond index fund I invested in it had a yield of 3.37% and 4.67% for the year.

Report this comment
#3) On April 07, 2007 at 6:41 PM, iksnamyzs (79.23) wrote:

Since last week, the first week of april,07, I have changed my allocation again.  I betting that the worst of the market correction is over.  We have had a good jobs report on friday which indicates to me the economy is ok at present.  So barring some unexpected event which could happen at any time,  I'm  allocating 100%  my funds to stocks again and selling my bond fund.  In my post, I indicated that I would jump back in stocks again  if I felt the correction would be short lived and that what it appears to be.  I know this appears to be market timing which is frawned upon but by having part of my funds in bond fund  when the market corrected I missed some of the blood letting.  Good Guess.

Report this comment

Featured Broker Partners