It seems like an odd idea, but with the market down 40% and panic in the streets, isn't NOW a great time to make your IRA contribution for the year? You're going to make the contribution anyway right? When? April 10th? Why wait 6 months? Don't you think the market in general will be higher then? It's six months from now! The panic will be over. Christmas will have come and gone. You will have forgotten about your Valentine's Day dinner. Easter will be around the corner (or just passed--how the hell should I know?). This panic...it too will be a memory.
Over the next week or two, make your IRA contribution for 2008 if it looks like the market has stabilized at all. Here are some funds that I still recommend:
Weitz Hickory WEHIX (-38%)
Dodge and Cox Income DODIX (-6.8%)
Mairs and Power Balanced MAPOX (-23.7%)
Mairs and Power Growth MPGFX (-26.3%)
Stratton Small-Cap Value STSCX (-24%)
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1 comment:
If only I had cash to put in there....
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