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- Apr 24, 2002
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three-quarters of a percentage point!!!
http://money.cnn.com/2008/01/22/news/economy/fed_rates/index.htm?cnn=yes
http://money.cnn.com/2008/01/22/news/economy/fed_rates/index.htm?cnn=yes
So perhaps someone can answer this for me...how will this effect ME?
I have over 50K at the 6.8 %.
I have a few thousand at 10.5% (Credit cards)
I have a car loan at 4.9%
Is this cut going to change any of these rates?
Global markets seem to be responding.
Do you think Asia will pick up and continue to grow? What about Latin America?
We should be able to squeeze out a couple of rallies between the next two weeks, but I don't think that they'll last...
Didn't see this one coming. Wow.
I predict 0.25% rate cut January 30.
Growth and market response are 2 totally different things. I'm assuming you're trying to determine if those emerging markets are worth investing in?
If you're looking for safe places to put your money for the short to intermediate term, I can't immediately think of many.
A lot of that also depends on how much you think those world economies depend on the US economy (and other larger global economies).
There is little harm in trying an idea or 2 you think may work, as long as you know what your risk is and what your exit plan is.
I've decided to sit this quarter out. My defensive stocks aren't doing to well. The market is too jumpy for me right now, I am going to continue to take profits and cut my losses on most of my investments. I will hold mostly cash for the time being and only consider other moves but likely will stay on the sidelines until at least the third quarter... maybe a little earlier depending on the market of course.
I'm going to stay away from emerging markets for now.
Can't wait for the turn around though.
..watching quite a few stocks that are coming down "nicely", unfortunately many are suffering, and it's not those that got us here...
Thanks
... managing that risk by preserving capital when it makes sense to and finding low risk entries is what will build the most wealth over time...
AKA timing the market? I disagree. I think what builds the most wealth is time in the market. Most investment authorities agree (including Buffett, Lynch etc). Consider this thread:
http://socialize.morningstar.com/NewSocialize/forums/1/120432/ShowThread.aspx
Didn't see this one coming. Wow.
I predict 0.25% rate cut January 30.