I am working for a oil/gas company which I expect I will be let go by the June of next year. I will receive a package which about my one year salary. I am 40 yearsold and my wife is 37 and she just starts looking for a job. (We do not have any kid so far.I start investing four or five years ago (in Nasdaq market) and I did very well until this year. (Which I lost about 25%-30% of my portfolio). I start to think what will be the best way to retire in style base on my current portfolio?1) Sell my stocks from NASDAQ to DOW or mutual funds? (or bonds)(2) Still doing the Long Term Buy and Hold (LTBH) (But not focus on NASDAQ anymore.)(3) or Keep my NASDAQ stocks, but continue investing in a much boarder range? (LTBH, BOND, mutual funds, tocks etc..)I currently own a lot of NASDAQ stocks and it is very painful to watch them shrink within this year.Please help, fellow Fools. What could be the best (better) solution on this issue?I appreciate your any comment.By the way, I also signed up for retirement planning lesson offered by MF.David ========================David,Since you signed up for the retirement seminar, why not wait until you have been through that to make a decision? Because of graduate school I never had a permanent job until the fall of 1998. That's when I started my 403b (similar to a 401k, but for non-profits). Everybody was saying "Don't get into those tech stocks! Stay away from the NASDAQ! The next Great Depression is here!" While the NASDAQ is down from its highs from earlier this year, look where it is in comparison to 2 years ago - up nearly 100%. http://quote.fool.com/chart/chart.asp?time=9&uf=0&compidx=sp500%3A3377&comptick=&freq=1dy&maval=0&type=128&symbols=%24RUT.X%2C%24SPX.X%2C%24INDU%2C%24COMPX&currticker=%24COMPX&submit1=Draw+ChartI believe in long-term buy and hold of quality stocks. Don't dump something simply because it's on the NASDAQ.If you haven't read "Retirement Planning: How to Retire in Style", this would be a good place to start. The link is listed below.http://www.fool.com/retirement/retirement.htm?ref=LN Hope this helps. Taylor
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