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09-29-2008, 08:44 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
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Fund IRAs Now??
Will the next few day days be a good time to fund IRAs and invest in mutual funds? That was quite the hit wall street took today. Will they continue to plummet until they arrive on a rescue agreement or is this the bottom?
What sayeth thine crystal ball?
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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09-29-2008, 09:17 PM
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Registered Member
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Join Date: Feb 2007
Location: North of I-10
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Re: Fund IRAs Now??
They advised to buy bonds tonight on TV.
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09-29-2008, 10:45 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
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Re: Fund IRAs Now??
I think the market will drop further tomorrow and make an excellent buying opportunity.
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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09-30-2008, 12:33 AM
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Go Dodgers!
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Join Date: Feb 2007
Posts: 45,787
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Re: Fund IRAs Now??
inflation linked bonds?
How about FDIC insured assets?
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Let it be understood that Apostolic Friends Forum is an Apostolic Forum.
Apostolic is defined on AFF as:
- There is One God. This one God reveals Himself distinctly as Father, Son and Holy Ghost.
- The Son is God himself in a human form or "God manifested in the flesh" (1Tim 3:16)
- Every sinner must repent of their sins.
- That Jesus name baptism is the only biblical mode of water baptism.
- That the Holy Ghost is for today and is received by faith with the initial evidence of speaking in tongues.
- The saint will go on to strive to live a holy life, pleasing to God.
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10-10-2008, 03:31 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
Posts: 19,197
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Re: Fund IRAs Now??
Now that things have dropped much more since the thread was started... is it time to fund IRAs?
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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10-10-2008, 03:48 PM
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Still Figuring It Out.
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Join Date: Feb 2007
Posts: 10,858
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Re: Fund IRAs Now??
Quote:
Originally Posted by Stephen Hoover
Now that things have dropped much more since the thread was started... is it time to fund IRAs?
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I can't say for sure whether it is or not. i would be scared senseless to do it.
But one thing I can say for sure is this.
When you asked this question back on 9/29/2008... sitting here today I can tell you for SURE that that would NOT have been a good time to fund an IRA. 
I am hoping that people will calm down over the weekend and things will chill out.
Only time will tell.
I pull ALL of my 401k's out of stocks about 6 months ago and I am VERY happy that I did so.
If I had any confidence that we were going to recover I would certainly enjoy a windfall by getting back in now...
I just can't muster up that confidence at this time.
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10-10-2008, 04:35 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
Posts: 19,197
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Re: Fund IRAs Now??
I think I have decided to fund one next week ($5000) and another the week or two following.
__________________
"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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10-10-2008, 04:59 PM
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delete account
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Join Date: Feb 2007
Posts: 8,086
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Re: Fund IRAs Now??
I stopped contributing to by 401 K this week. I will wait until January and see where we are. If Obama is prez I will prepare for the RAPTURE.
Blessings, Rhoni
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10-11-2008, 07:52 AM
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Registered Member
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Join Date: Mar 2008
Location: In His Hands
Posts: 13,914
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Re: Fund IRAs Now??
I just asked this question on another thread, yesterday!
If Hoover is willing to invest 5k, I think I can go ahead with 1k.
__________________
"The choices we make reveal the true nature of our character."
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10-11-2008, 09:14 AM
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Registered Member
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Join Date: Feb 2007
Location: Ohio
Posts: 7,374
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Re: Fund IRAs Now??
I was just talking to my friend who is a bank manager yesterday. He commented that Key Bank has gone from $40 a share to $7.00 a share. He owns a bunch of stock in Key because he gets it at a discount as an employee. And he is considering buying a whole bunch more because he feels very sure that things will head up in the next little bit. He also made the comment that if he buys a bunch of stocks at $7.00 today and watches the market closely, waiting for it to go to $10 a share (which is entirely possible in the course of any given day). Sell AT THAT POINT and voila! he's made $3.00 a share in profit. Even that isn't bad.
Just a thought. I'm considering doing some of that.
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