Comments on: Europe Went Red and America Looks Red! http://www.investorgeeks.com/articles/2008/01/22/europe-went-red-and-america-looks-red/ Learning and sharing investment knowledge. Mon, 08 Sep 2008 17:45:06 +0000 http://wordpress.org/?v=2.0.4 by: Jason http://www.investorgeeks.com/articles/2008/01/22/europe-went-red-and-america-looks-red/#comment-248106 Tue, 22 Jan 2008 14:16:56 +0000 http://www.investorgeeks.com/articles/2008/01/22/europe-went-red-and-america-looks-red/#comment-248106 Nice post. Beat me to it. Personally, I only have my smallish ($15k) IRA and a small position in AMD (< $2000). Back at 1440 DOW, I went 33% cash. And then when it hit 1300 or so I put that money back to work in EBAY and GOOG. Generally good investments, but I should have pulled out when they started dropping. I decided to go more hands off with the investing, and we'll see how those stocks recover longer term. I've only got $1500 in there for buying right now and since we're looking to buy a home, we don't have money for contributions right now. We've been and will continue to focus on our business, which is where our money is to be made. And with any luck, we can setup nice SEP 401ks in a year or two to make up for lost ground in our retirement accounts this year. Anyway, I hope folks are weathering this well or even taking advantage. Those 11600 and 11200 levels should have a lot of support, but I think we're in a "who knows" market... As a young investor, this is new ground for me. I'm going to try to pay attention and learn as much as possible. So I'm off to the gym to run and watch CNBC (not the best place to learn, but a start). Nice post. Beat me to it.

Personally, I only have my smallish ($15k) IRA and a small position in AMD (< $2000).

Back at 1440 DOW, I went 33% cash. And then when it hit 1300 or so I put that money back to work in EBAY and GOOG. Generally good investments, but I should have pulled out when they started dropping. I decided to go more hands off with the investing, and we’ll see how those stocks recover longer term.

I’ve only got $1500 in there for buying right now and since we’re looking to buy a home, we don’t have money for contributions right now.

We’ve been and will continue to focus on our business, which is where our money is to be made. And with any luck, we can setup nice SEP 401ks in a year or two to make up for lost ground in our retirement accounts this year.

Anyway, I hope folks are weathering this well or even taking advantage. Those 11600 and 11200 levels should have a lot of support, but I think we’re in a “who knows” market…

As a young investor, this is new ground for me. I’m going to try to pay attention and learn as much as possible. So I’m off to the gym to run and watch CNBC (not the best place to learn, but a start).

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