Has Your IRA Turned Into A IRL?

Has your IRA(individual retirement account) turned into a IRL(individual retirement loss). Well you are not alone. Just about everyone that owns a stock or mutual fund is suffering. With markets getting taken down to new lows day by day whats a investor to do. First take a deep breath, don't panic it's not the end of the world.However many people would like you to think it is. Even if it was you would not need the money where your going, unless the MASTER CREATOR takes worthless stock certificates. Remember folks an IRA is for your retirement and it is a long term commitment, although many people do not practice this. They trade in and out of the markets. When things are going good and the market is sailing on high water everyone is in a good mood. People are in a buying mood, chasing the high prices or high valuations but when the markets go down during low tide everyone is jumping ship and throwing their securities overboard. This is the time to accumulate for the long term, because when good times roll around and they will your ship will be sailing in some mighty rich waters.

A 401K Issue

I have been ask the question several times recently, "Should I decrease the amount that I put into my 401k every month. Heck NO!!! Unless you need the money to live on, this is not a good move. Why? Number #1 this is money you are saving for retirement which means long term!#2 you are buying at a lower price now than you were a 1 month ago, 1 year ago, and probably 5 years ago. This means you are accumulating more shares at a lower price. #3 this money is tax deferred. and #4 your employer is probably matching your contributions up to a certain percentage which is like FREE money. In fact if you are not contributing the full 15% allowed you should consider bumping it up to the maximum allowed.Stay invested folks and stay the course.

STOCKMANMARC