What a frustrating time it is to be an American. I hate to even look at my portfolio nowadays. My company recently switched 401k providers and they did it at the worst time possible the middle of September. I know that they planned on doing it for some time, it is just a shame that the new provider cared more about getting the account then advising us to wait it out. So my whole portfolio got sold off, which by that time I has already lost 10%.
Since 9/16 when it was official I have lost another 15%, so in the last two months I have lost 25% of my portfolio. Just a few days ago I had lost about 5% and was thinking of moving it all into my inflation protected bond fund, which had actually gone up a little bit, but I keep hearing in the back of my head when all the experts say don't sell, don't sell. So I didn't, now I have lost another 10% and I am faced with what the heck should I do. I have lost so much that it really is frustrating because it took so long to get what I had and now it is going away everyday, more and more.
I am torn between keeping my dispersments the same as they are now, basically 1/3 to 3 funds. two growth funds and one bond fund so that I can take advantage of the low prices on these other stocks, but then I say to myself is this the best thing to do? Will I have anything left by the time these idiots get down taking all their profits.
And then on top of this I get to worry about how devstating it will be to the markets of Obama wins this election. What a terrible time to be an American.
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