Comments on: Of Morons, and Markets http://www.tinyminds.net/2008/10/22/of-morons-and-markets/ Why must we suffer fools gladly? Sun, 18 Jul 2010 15:14:48 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Henry Jennings http://www.tinyminds.net/2008/10/22/of-morons-and-markets/comment-page-1/#comment-116387 Henry Jennings Fri, 31 Oct 2008 18:35:32 +0000 http://www.tinyminds.net/?p=673#comment-116387 Yes, of course you should load up your 401k with as big a contribution as you can make -- you'll save taxes on the front end, and almost EVERYTHING is on sale right now. I've been happily surprised to see that my clients are sticking with the program -- every one of them has failed to panic and I think that will really pay off for them. A couple are adding heavily to their accounts, as well. One did withdraw some of their money just before the big crash so that they could put the money into a sweet real estate deal -- which is also perfectly acceptible IF one knows what one is doing. Keep the faith, Sig! Yes, of course you should load up your 401k with as big a contribution as you can make — you’ll save taxes on the front end, and almost EVERYTHING is on sale right now.

I’ve been happily surprised to see that my clients are sticking with the program — every one of them has failed to panic and I think that will really pay off for them. A couple are adding heavily to their accounts, as well. One did withdraw some of their money just before the big crash so that they could put the money into a sweet real estate deal — which is also perfectly acceptible IF one knows what one is doing.

Keep the faith, Sig!

]]> By: sig94 http://www.tinyminds.net/2008/10/22/of-morons-and-markets/comment-page-1/#comment-116386 sig94 Fri, 31 Oct 2008 01:06:32 +0000 http://www.tinyminds.net/?p=673#comment-116386 I feel a little better after reading that. It was the same decision I made a few weeks ago even though I hope to retire in less than ten years. If I leave now I have no chance of regaining what I lost. The question now is do I put more into my 401k. I feel a little better after reading that. It was the same decision I made a few weeks ago even though I hope to retire in less than ten years. If I leave now I have no chance of regaining what I lost. The question now is do I put more into my 401k.

]]>