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Re: Dow Death Watch
Quote:
Originally Posted by Beemnseven
Is anybody considering selling off any stock that they own? Have you thought about cashing out your 401k?
That thought actually crossed my mind this morning -- what if you had cashed out last Friday before this week's tumble?
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It's funny you mention it. I did just that (though not because of any great foresight). I'm in the process of buying a small business and needed to cash out my stock portfolio to move into a CD to guarantee the loan. Based on the percentage drops, I saved over $ 30K. (Thank God).
Of course my 401(K) is down a great deal along with everyone else.
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
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