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8/18 Dow down 400+, trying new 401k strategy

  1. 14000

    1 vote(s)
    12.5%
  2. 13000

    1 vote(s)
    12.5%
  3. 12000

    3 vote(s)
    37.5%
  4. 11000

    2 vote(s)
    25.0%
  5. 10000

    2 vote(s)
    25.0%
  6. 9000

    3 vote(s)
    37.5%
  7. 8000

    1 vote(s)
    12.5%
  8. double dip recession is coming

    5 vote(s)
    62.5%
  9. no double dip recession

    2 vote(s)
    25.0%
Multiple votes are allowed.
  1. Aug 18, 2011 #1
    I've been contemplating a new 401k strategy since I pulled out a couple weeks ago. As I write this the DOW is down to just below 11000 again. Trying to call a bottom is dangerous but I find it hard to believe it's going down much lower than that. Luckily I sold out when it was around 12000 and avoided a coronary.

    I've been thinking about getting back in on down days 10% at a time. I just moved 10% back this morning which gives me 9 more down day moves. Anybody want to comment on this strategy and where they think the market is headed in the next few months or on a new recession?

    Oil has been good to me the last couple months with my personal stocks. I've bought and sold BP 5 times making 3% plus each time. The easiest way to fight the cost of gas is invest in oil and BP is a bargain. I wish I had bought it when it was at its bottom.
     
    Last edited: Aug 18, 2011
  2. jcsd
  3. Aug 18, 2011 #2

    FlexGunship

    User Avatar
    Gold Member

    If you are able to purchase stocks for less than you sell them, then you will make money. If you continue this strategy you will make infinity dollars.
     
  4. Aug 18, 2011 #3
    i voted double dip recession, although i don't think it's a double dip recession.. it's more like one giant dip with a bunch of fake wealth infusions. this whole bubble economy will fall apart without the central banks constantly printing money
     
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