UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: rjf53 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72201  
Subject: Re: The Fiscal Cliff Date: 12/28/2012 7:07 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 5
Am I the only one here considering taking everything off the table today?

Probably not, but unlike Jon, most investors don't have the ability or the Cahonas to turn on a dime and re-invest money as quickly as he does as he monitors every tick of the market(s) 24 hours a day.

Even if you were to avoid any sudden sell off in the market related to the "fiscal cliff" unless your smart enough to predict any sudden rally that might result from a resolution (which likely would occur with our markets closed) you may very well do yourself more harm than good. Especially if you are like a lot of investors, after shooting themselves in the foot, that wait, and wait, and wait, for a pullback that doesn't come.

Question; do you know anyone who got scared out of the market during the crash of 2008 and is still not back in, or if they are, got back in at higher prices?

Then there is the question as to how bad, over the long term, the fiscal cliff would actually be. Lets see, we have a long term debt problem. The fiscal cliff will raise revenue and reduce spending. Hmmm; how might that impact the market over the long term?

I can't speak for anyone else, but in my case I always keep a high level of cash for when opportunities present themselves, if anything, I'm thinking the "fiscal cliff" may just end up being a opportunity for me.

B
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement