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Author: galeno Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Advice for future father in-law Date: 7/22/2002 2:13 PM
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I was talking with my future father in-law about his retirement funds at work (don't know exactly what they are - it's something through his union I think). He was telling me he is basically treading water because he's losing as much as he puts in. He is in his early to mid-50's. He says he wants to move all his money to the least agressive fund available (money market/fixed account) since it is the only one available to him that is increasing in value. I believe he is in mixed-type funds currently.

Does this seem like a good strategy at this point for him (assuming no early retirement)? My instincts are that it isn't and he's going to be getting out when the market is at or near bottom and miss out on the gains from a recovery.


I will never understand why people love to buy stocks when they are expensive and sell them when they are cheap. But that's OK with me. Too many retirees can spoil it for the rest of us <grin>.

Think of stocks as hamburgers. When they are cheap you should buy more.
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