So I finally switched to bonds - Democratic Underground

question everything

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Sat Oct-06-07 10:18 AM
Original message

So I finally switched to bonds

my 401K was 90% stock and as I am moving closer to retirement I knew that I needed to change. Started thinking about it in June and by the end of July the market of course, was going down.

So two days ago I finally moved to 76% stock, 8% money market and 16% bonds (short and intermediate terms) and what happens? The bonds go down.

Sigh.

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DrDan

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Mon Oct-08-07 08:00 AM
Response to Original message

1. patience . . . you must have patience . . .

I have much more of my retirement funds in bonds . . . and am comfortable with that . . .

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question everything

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Wed Oct-10-07 12:49 AM
Response to Reply #1

2. Thanks. I will have to

We just cannot afford to have that long time horizon that we had back in 1987 or even in 2002 when we could wait for the market to rebound.

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