401K Sell-Off Poll....

Discussion in 'Economics' started by achilles28, Oct 15, 2008.

All the 401K Boomers you know are:

  1. Long and Strong

    12 vote(s)
  2. Most Long. A Few Got Out.

    19 vote(s)
  3. 50 - 50

    9 vote(s)
  4. Most Got Out. The rest are holding on for dear life

    3 vote(s)
  5. Holed up in a Bunker 3 months ago. 100% Guns and Gold.

    4 vote(s)
  1. achilles28


    Based on the 6 older folks I know:

    5 are still long the Market.

    1 cashed out.
  2. achilles28



    Interesting results, so far.
  3. now i am getting scared. these folks won't go into cash until we drop another 20% in one week.
  4. These folks won't go into cash at all. They're most likely a decade or more away from retirement, and they think as they always do "It'll come back before I retire". The ones retiring soon are the ones who went for the cash.
  5. if someones portfolio is down 50% and you are 55 or less even maybe 60 years old or less they will not sell, the people who sold are 65-75+ who need the money to live now although they will probably have to go to work again lol
  6. Nanook


    Then I'm going long: HI (Hillenbrand, Inc.: owners of Batesville Casket Company, Inc.) :D