OK folks, what’s a guy supposed to do with retirement mutual funds right now with about 10 years left until retirement?
Redeploy some into the precious metals fund if that is a choice. If not, then an inflation-protected fund. I would say 20%. For the rest I am about 60-40 stock to cash right now (20 years to retirement) and buying more on the dips. I sell on the bounces and wound up 60/40 cash to stock in January bounces.
If you want one strategy to pursue with no further changes, forget about it. The days of buy and hold are over. Cash might king now, but that won't last. The deflation/inflation battle is not over and will swing back and forth for weeks, months and years. You have to trade those swings or find a fund that will do that for you.
Sell your losers and buy SRS (ultrashort commercial real estate fund/etf) ,, gold (take delivery! don’t accept a certificate) ,, other short funds in industries that will be hurt by Obama propping up competition or distorting the market ...
I have a few medical stocks that have outstanding new lifesaving products (one is THOR) ... right now with restrictions on what will be paid for under Obamas healthcare takeover I’d sell all healthcare ... short medical NOW...
Ride out the storm. Bail a little if necessary but ride it out. The shares may have declined in value but they are still shares.
I am not a financial adviser but have played one on my web cam