No. of Recommendations: 0
Hi,

I'm new to MF and to investing on my own in general. I put my retirement money into SA recommended stocks in early December and did pretty well until mid-January. I had intended to leave my money in these stocks for the long term. Then I started reading a bunch of nightmarish predictions on msn money about how 'we've already returned to another recession (but don't know it yet)' and 'stocks are about to go down like they did in 2008 or worse'. In particular, there seemed to be a lot of pessimism surrounding the upcoming debt ceiling negotiations. Example: http://money.msn.com/investing/an-epic-bear-market-is-coming... .

As a result, I got all fidgety and pulled all of my money out of my stock portfoolio, so now I'm all in cash. My pulling my money out may have been a mistake, but it's already done now, so there's no sense in crying over spilled milk.

Now that I'm all in cash, do you think that I should jump all back in again? Or maybe jump back in partially? If there is any truth to these warnings of a coming drop in stock prices around (or as a result of) the debt ceiling negotiations, it seems likely that I could benefit from buying on whatever dip occurs. Behaving like a short-term speculator is not my intent in the big picture. That being said, buying back in right before a potential drop doesn't seem smart, either.

What's a newbie to do?

fidgetyfledgling
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