I have investments in the stock market in mutal funds that keep loosing money no matter what fund I move it too. Should I just pay off my home before the stock market takes it all?
I have investments in the stock market in mutal funds that keep loosing money no matter what fund I move it too. Should I just pay off my home before the stock market takes it all?
6 Responses to “Should I Pay Off My Home Instead Of Continuing To Lose It In Stock Market?”
Everybody is loosing money during these times. If you have money in mutual funds I assume you invested for long term growth. 5 years plus. Stocks go up and down. That is the rule of the game. Dont panic just be patient they will eventually go up. I would payoff my house only to avoid bankruptcy not just because my emotions told me too. If you want, put your money in an inflation protection fund until third quarter 09. You wont make much but at least you can stop loosing.
In my opinion, real estate investing is much more complicated that investing in stocks. The market is taking a beating, for sure, but I would suggest that you hang in there. Keep saving money, b/c this could be a good time to buy. Just look at the long-term average returns for RE and the stock market.
Read SEC filings for the companies you currently own and those you are interested in. So you can make an informed decision to buy or sell.
Or, to save time and energy, use SEC Notes at:http://secnotes.talkspot.com
If you do not need the money for five years, keep where it is. Period of loss are followed by periods of gain. If you lost money for last three years or the fund is doing worse than similar funds, I would sell it and buy a stock index fund.
Give me the money instead
just lose all ur money
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