do i stop contributing?



i feel like i should.

have any of you acted on this?

 

You should keep (contributing if you can)
hell! ive up mine to 10%
historically the market has gone up over the last 80years


buy low sell high

 

it wont help it if you stop. if everyone stops it gets worse. or so they say.

why not buy low?

 

youre getting everything more than half off.

 

i don't know. every time i see my quarterly statement, i want to cry. and all signs say it's just going to continue to get much worse.

and have any of you heard rumor that there are talks about taxing retirement savings?

 

that would imply that the market is guaranteed to return to the previous levels, theres no guarantee that that will happen.

also that would imply that once you purchased levels returned ... levels continue to drop though

 

I feel the same way Reno, that's why i continue to just disregard i have a 401k and just let the money keep coming out of my paycheck. I never saw what my check looked like before i had the 401k setup and i'm budgeted off of that number, so whether i lose money or make money, at this time being, it's not worth worrying about.

I hope that makes sense.

 

I would keep contributing. At the very least, continue to contribute the minimum match from your employer. If you're a little daring then contribute more. Some people think we'll never come out of this recession but the possibility of being in a permanant recession (depression) is the same as having permanant growth. It's economics 101. The market goes up, and the market goes down. It's due for a "down" anyway, it's just much worse than it would have been otherwise because of incompetant/greedy lenders and foolish people borrowing more than they should which has compounded an otherwise "natural" recession.

 

That's how I feel, I was going to stop my stock purchase plan but I chose to keep it.

 

no no no


Do not stop buying. dollar-cost averaging. This is the time you want to be buying and building a long term portfolio.