Newbie needs help. Retirement looming.
I have just read a set of posts to the following http://www.fool.com/personal-finance/retirement/2008/11/25/the-longer-you-wait-the-more-itll-hurt.aspx?source=iedartthv0000001#commentsBoxAnchor
Basically, the part that alarms me is that the writers seem to agree that stocks are going to keep falling. No big deal unless you are, say, a baby boomer who is real close to retirement and cannot really afford to have a big dip right as you say goodbye to your salary. Yeah, that's just too close to the target.
I was planning to fund IRA and other investments as a mix of growth (Netflix, Intel, Buffalo Wild Wings, Dawson - well they are booked up through Summer 2009 and the management hasn't changed, has it?) and income (Pfizer, Altria, CapitalSource, etc), but now I am no longer sure. It is one thing to play with stock on paper and another altogether to put your retirement on the line. This time I don't have time to build back from a major hit from government "help" or stock market crash. What advice could you suggest before I put my money on the table? Hold 'em or fold 'em?