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<p>[QUOTE="Rono, post: 1126689, member: 6492"]Howdy folks,</p><p> </p><p>I've been investing for about 30 years and while that's not that long, I've been thru some nasty events starting with Black Monday in '87 when the market dropped 20%. </p><p> </p><p>I've found it best to sit tight and wait for the dust to settle before doing anything with my investments. First off, the easy money was already on red and bets are closed - you don't have time to make any easy money. Second, most market actions will be overdone as will the reaction, and further reaction, and further reaction . . . it's like watching a bloody pingpong ball and trying to choose a side. Lastly, the economic intricities, connections and convolutions are a gd gordian knot and very hard to dissect, leave alone time. </p><p> </p><p>Feh, I'd sit tight for a while and if I chose to invest I would probably be WITH the Japanese with a mutual fund like Price PRJPX or Matthews MJFOX. They're a very tough people and when called upon to 'suck it up' are some of the best.</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1126689, member: 6492"]Howdy folks, I've been investing for about 30 years and while that's not that long, I've been thru some nasty events starting with Black Monday in '87 when the market dropped 20%. I've found it best to sit tight and wait for the dust to settle before doing anything with my investments. First off, the easy money was already on red and bets are closed - you don't have time to make any easy money. Second, most market actions will be overdone as will the reaction, and further reaction, and further reaction . . . it's like watching a bloody pingpong ball and trying to choose a side. Lastly, the economic intricities, connections and convolutions are a gd gordian knot and very hard to dissect, leave alone time. Feh, I'd sit tight for a while and if I chose to invest I would probably be WITH the Japanese with a mutual fund like Price PRJPX or Matthews MJFOX. They're a very tough people and when called upon to 'suck it up' are some of the best. peace, rono[/QUOTE]
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