No way...I'm already in too deep. So far my losses are only on paper but the moment I bail I've officially lost 10's of thousands of dollars. My wife and I are only 42 so we've got some time to recover unlike some here who fell into bad timing. Sure I'm most likely going to lose on some stupid ventures like Sirius which I've already considered lost and a few others in what I call my Las Vegas portfolio. Luckily I've made enough in the good years to justify holding on and I have faith in America.

As I'm down/up to ~70% Cash/cash equivalents in the ol'Retirement Port, as of more stop outs today,
and feel like I understand investing, but I'm always curious to learn of other ideas.
I would be curious to read of your ideas on investing, eg :
-"places/things to invest in",
-"places/instruments to park cash that won't be eaten up by the coming inflation,
(following the potential short term deflation)
-etc.
BR,mD

It's going to be bad for a while, maybe even get worse, but if one thing is certain, things will go back up.

It's sickening to all of us but if there is one thing we can all count on, it's the world economy. And if we can't count on the world economy, it won't matter where you have your money invested, all that will matter is how many guns you own.

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"When two people agree on everything, one of them is not necessary" - Arliss

Guns??? Haven't you hear? The Government is going to step in and protect us from ourselves.

Man the problem is the degree of the market drop, I am starting to think that 5000 or less is coming soon.

It's relative.

BRK-A is down about 20% in the last two days and is at about half of its high for the year. That gets my attention

My international real estate and international stock funds are down to around one third of their value and my liquid net worth is about half what it was at the beginning of the year At least, I made the good decisions to pay off the house and buy the X5 for cash (even if the latter is not worth much, I still got the government "cash back" for about 1/3 of its value when I bought it).

An acquaintance who I'll probably see this weekend is down about $1.8B. I'd still like to be in his position with about $300M left. That's tied to a public company in which he is the majority shareholder. I hope his company survives because it has been great for the local community.

Like mD, I find it's frustrating to see a good portion of what I've worked hard for and saved disappear. However, I know there are a lot of people far worse off than me. I remain patient

Well, I am not always the best person to ask for investing advise because I have all my beans in one basket -- my company. When I have extra money, I purchase more music copyrights. Copyrights never depreciate, so it's a wonderful investment.

But I have a good friends who is much younger than you but is already in the "retirement" boat due to making many good investments and being a day trader during the dot-com boom. He still plays around a bit in the market, and surprisingly has made money over the past few months by moving his money around quite often. He has told me the following:

#1 - GOLD is a safe investement. Kind of like buying realestate, but maybe even more steady than that. If you are worried about inflation, this is the best place to put your money.

#2 - ENERGY -- he has invested in quite a few power companies around the country including Con Ed here in New York. He says even if the stock goes down, these companies all pay 5-10% in dividends each year. And he says even if they go down, they always come back up. Most of these companies are monopolies in their region, so they will never be allowed to fail. Plus, as our politicians always talk about, we have a shortage of energy in this country. It's always good to be invested in an industry with an expanding market. And while the source of energy may change over time (i.e. oil, wind, solar, etc.), there will always be a need for a company to deliver that energy, so their place in the market is safe. And due to deregulation over the past 20 years, most of these companies are not even generating the power themselves anymore, so they are not so affected by the price of oil or coal. Whatever the price is, they simply tack on their delivery surcharge.

Wish I could help more, but those are the 2 areas I hear about all the time from my friend.

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my experience on X5world when I spend too much
time posting in political threads in the lounge...

Wow...Down another 445 today. I've been too busy to check. Don't think I'll sign on to check my portfolio anytime soon.

I think I'm going to have a couple of beers tonight at dinner instead of wine in order to start cutting back.

It looks like today should be a up day.......I hope