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<p>[QUOTE="medoraman, post: 1499981, member: 26302"]Btw OP, just this morning I made almost $2k on stocks. Does this mean I should sell all of my PM and dump it into stocks? </p><p><br /></p><p>Not picking on you sir, just illustrating that market adjustments go both ways, and neither are the basis of making long term investing decisions. I still believe you need to think long and hard when you will need this money, and invest accordingly. I for one, even though I own PM, would not want to be buying it in today's market if I knew I NEEDED that money in a few years. That is too short of a timeframe to risk on any investment. I you know you need it in just a few years, best to just keep it in cash, (short term bonds, cd, etc), IMO, as all other investment options would be too risky.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1499981, member: 26302"]Btw OP, just this morning I made almost $2k on stocks. Does this mean I should sell all of my PM and dump it into stocks? Not picking on you sir, just illustrating that market adjustments go both ways, and neither are the basis of making long term investing decisions. I still believe you need to think long and hard when you will need this money, and invest accordingly. I for one, even though I own PM, would not want to be buying it in today's market if I knew I NEEDED that money in a few years. That is too short of a timeframe to risk on any investment. I you know you need it in just a few years, best to just keep it in cash, (short term bonds, cd, etc), IMO, as all other investment options would be too risky.[/QUOTE]
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