Have to say I am with Lazs on this one .
My home is where I live and plan on living till I die or can't take care of myself anymore .
It's not a "investment" to me it's HOME . We in Michigan have something like Prop13 here also . If I don't sell then I am caped at the old rate plus some . Good for long term home owners .
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Not seen any neg returns in our Mutual Funds yet , was high in June and got even higher just a few weeks ago . Yes it's went down again , how far will it go , who knows .
I got 8 years yet just till retirement , then how long yet to live ? Donno but figure a few more good years . Better to stay in then market time . Market timers have to be "right" twice , very hard to do .
Ever hear of this ? Someone picks up a bunch of grapes , he gets it 7" high or so , then "shakes" the bunch and then gets it 10" high and so on .
Might be we are seeing some shakeing going on .
One last thing to give some thought on , if your hearing it's bad time to be in stocks etc from the media , more than likely the BIG boys are buying what your selling , so to speak . They sell into strength and buy into weakness .
Got to have alot of buyers to sell out on the top as they have LOTS to sell ( then it won't drive the price down much )
Same with their buying ( got to have alot of bad news to offset their buying or it will drive up the price )
Most always better to buy when they are crying about how bad it is on radio or TV .