Comments on: Money Madness in a financial blizzard : Weathering The Storm http://www.curemoneymadness.com/blog/2008/10/13/money-madness-in-a-financial-blizzard-weathering-the-storm/ Spencer Sherman, Author of The Cure For Money Madness Mon, 31 Aug 2009 21:43:54 -0400 http://wordpress.org/?v=2.8 hourly 1 By: Andy http://www.curemoneymadness.com/blog/2008/10/13/money-madness-in-a-financial-blizzard-weathering-the-storm/comment-page-1/#comment-93 Andy Tue, 05 May 2009 23:26:07 +0000 http://www.curemoneymadness.com/blog/?p=60#comment-93 You can get this info by clicking " Own The Book? " on the homepage. You can get this info by clicking ” Own The Book? ” on the homepage.

]]> By: s. p. http://www.curemoneymadness.com/blog/2008/10/13/money-madness-in-a-financial-blizzard-weathering-the-storm/comment-page-1/#comment-88 s. p. Tue, 28 Apr 2009 20:50:43 +0000 http://www.curemoneymadness.com/blog/?p=60#comment-88 Hi Spancer: I read your book Money madness, it's great. I am very small investor, i am learning how to invest. I am looking for your new updated Rainbow Portfolio, can you please send to me to my email address. your help will be grately appriciated. I am trying to make my money work insted of i work formy money. So later on I can make good amount of money for my family by using your mathod, which is rainbow portfolio. thanks, s. p. Hi Spancer:
I read your book Money madness, it’s great. I am very small investor, i am learning how to invest. I am looking for your new updated Rainbow Portfolio, can you please send to me to my email address. your help will be grately appriciated. I am trying to make my money work insted of i work formy money. So later on I can make good amount of money for my family by using your mathod, which is rainbow portfolio.

thanks,
s. p.

]]> By: Andy http://www.curemoneymadness.com/blog/2008/10/13/money-madness-in-a-financial-blizzard-weathering-the-storm/comment-page-1/#comment-35 Andy Thu, 27 Nov 2008 02:01:20 +0000 http://www.curemoneymadness.com/blog/?p=60#comment-35 I think I am caught in the storm, and can't wait for it to get gone!! I think I am caught in the storm, and can’t wait for it to get gone!!

]]> By: Spencer http://www.curemoneymadness.com/blog/2008/10/13/money-madness-in-a-financial-blizzard-weathering-the-storm/comment-page-1/#comment-8 Spencer Wed, 15 Oct 2008 02:09:23 +0000 http://www.curemoneymadness.com/blog/?p=60#comment-8 Juliet - The problem is, the odds are against you if you sell when the markets are down. Why? Because you will want to buy back in at some point, and the chances of you buying back in above where you sold are great. Consider this : Lets say you sell when the market is at 9000. The market drops to 8500, and you feel great about selling. The market drops even more to 8000, and you feel even better. Then the market goes up to 8200, but you don't buy back in because you are still afraid of it going down. Then it goes up to 8500, 8700, 9000, and now to 9300. You buy in worried that you missing the come back. Now you have sold low, and bought high, and paid commissions on top of that. Over the next ten years, as the markets recover, which they will, you would have been better off letting the market go down, and come back then selling low and buying back in high. Of course, had you sold at 9000 and bought back in at 8000, you would have done well, but the chances of you timing the market like that are just not in your favor. If you aren't planning on spending all that money you took out, which it sounds like you are not since you are retired, you would be better off letting it ride, and if possible, buying some more while everything is at 30 - 40% off. The advantage of the Rainbow Portfolio (TM) model, is that it automatically re balances, achieving this for you. Juliet –

The problem is, the odds are against you if you sell when the markets are down. Why? Because you will want to buy back in at some point, and the chances of you buying back in above where you sold are great.

Consider this : Lets say you sell when the market is at 9000. The market drops to 8500, and you feel great about selling. The market drops even more to 8000, and you feel even better. Then the market goes up to 8200, but you don’t buy back in because you are still afraid of it going down. Then it goes up to 8500, 8700, 9000, and now to 9300. You buy in worried that you missing the come back.

Now you have sold low, and bought high, and paid commissions on top of that.

Over the next ten years, as the markets recover, which they will, you would have been better off letting the market go down, and come back then selling low and buying back in high. Of course, had you sold at 9000 and bought back in at 8000, you would have done well, but the chances of you timing the market like that are just not in your favor.

If you aren’t planning on spending all that money you took out, which it sounds like you are not since you are retired, you would be better off letting it ride, and if possible, buying some more while everything is at 30 – 40% off.

The advantage of the Rainbow Portfolio (TM) model, is that it automatically re balances, achieving this for you.

]]> By: Juliet Seaver http://www.curemoneymadness.com/blog/2008/10/13/money-madness-in-a-financial-blizzard-weathering-the-storm/comment-page-1/#comment-7 Juliet Seaver Wed, 15 Oct 2008 00:15:11 +0000 http://www.curemoneymadness.com/blog/?p=60#comment-7 Hello Spencer, Comparing this crisis to Katrina brings to mind the fact that hundreds of thousands of people lost their homes COMPLETLY1 NOTHING TO GO BACK TO. What's wrong with moving to the side lines and reentering when things have stabilized? especially for a senior citizen who might not have 20-30 years to recover crucial principal. I would very much appreciate your response. Hello Spencer,
Comparing this crisis to Katrina brings to mind the fact that hundreds of thousands of people lost their homes COMPLETLY1 NOTHING TO GO BACK TO. What’s wrong with moving to the side lines and reentering when things have stabilized? especially for a senior citizen who might not have 20-30 years to recover crucial principal. I would very much appreciate your response.

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