Posted:
#1
I've been sitting on a pretty big chunk of money for almost a year now....just waiting to get into the market. I held off because I was afraid where things were going. Like most, I've lost 20-35% of what I had in the market. But the majority of my assets were not in the market (my business income is in a conservative plan and I have a good chunk in a money market outside of that). I have my Roth account, a simple IRA at work, a regular IRA, a general investment account, and an annuity. Well I'm looking to get my cash into the market. I have a plan that I'm pretty comfortable with (stocks and mutual funds). It's largely based on companies/industries on solid foundations that are undervalued (US Bank, Diageo, Vodafone, as well as some energy based mutual funds (and a Latin American fund as well as a few others).
My advisor has counseled me that it's a guessing game as to when you hit bottom. He says it's time. I've gotten my ass handed to me enough and really need to make a smart decision here (I realize it's a gamble no matter what).
IF YOU WERE ME, would you buy now or hold out a little longer to see what happens.
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