Re: So, What Are You All Doing With Your Stocks And Funds?

"Lubow" <lubow@lubowindustries.com> wrote in message
news:48ebbdbf$0$7385$ec3e2dad@news.usenetmonster.com...
> >
>> People who took that advice in every single stock market crash, including
>> 1929, did extremely well.  Unless they had everything in a company that
>> went under.  In which case, you're always
>
> Not true.  Had you bought the Dow prior to the 1929 crash, you would begin
> to break even around 1954.  Got 25 years?
>
> A better strategy was to sell when things *appeared* to settle down and
> take the loss.  Next, you would sit it out and wait for the Dow to bottom
> below 100 during the Roosevelt Administration. Even with the losses taken
> in 1929, By 1938 you would have been wealthy enough to buy at least half
> the teams in the 1938 NFL.
>
> IMO, it will take some time before things bottom out.  Let's see how the
> new CDO/CMO market works out.  I'm old school because I believe in real
> estate. More people became millionaires through real estate than any other
> way.  I really think a moderate grade CDO will make you good money
>
> Bottom line:  take out whatever you can on the first rally and just wait.
> Just a guess -- I'm looking for an 8500 Dow.

Actually, I do have 25 years.  But yeah, maybe I wasn't clear enough.  My
advice was to not sell right after a crash.
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