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Originally Posted by elKabong
While on this subject, what's everyone doing with their existing stocks?
I have a monthly allotment into a diversified trading account and I'm thinking about converting all my existing stocks into treasury bonds, and then continuing to invest from here forward as before.
My thinking is that I should protect what I already have, but still get in on the fire sale that's coming.
Any thoughts?
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A lot depends on your age, but that sounds like a good safe thing to do. Of course if value comes back in a few days, you'll miss out.