Long before 2008 drew to a close, people have started writing off 2009 with words such as “worse than 2008”, “depressing”, “bumpy ride” etc.
Is it then still possible to get out of 2009 with a good investment return or is that out of the question and should we all just try to make as little mistake as possible and aim for a boring year of preserving gains?
Specifically, if you are a 20 to 30-something singleton, what do you plan to do this year about your investments? The conventional wisdom for this age group is not to be afraid to take on some risks because there’s plenty of time to recover, but then again, a few are beginning to think about quite the opposite: why take on risks when you have plenty of time to grow your money?
If you’re a 30 to 40-something with a family to take care of, how do you intend to take care of your funds this year? If you have been investing in mutual funds for the last 10 years and were counting on returns in 2008 or 2009 to fund a child’s education, that’s a major headache.
If you’re in the home stretch at 50 to 60-something, how are you planning to cope in a depressing year? I can’t even begin to imagine how it must be for you.
In general, do you think the death of stocks and financial markets are written in the stars, or do you think this market still have legs to run? What’s your investment strategy for 2009?
26 Responses to “SURVEY: Investment strategy for 2009”
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Pages: « 6 5 4 [3] 2 1 » Show All
January 8th, 2009 at 3:18 pm
I’m in my late 30’s and my goals this year:
1. Continue to set aside emergency fund every month (3K) through a Bank’s save-up product and when it reaches 10K, to put it on time deposit
2. After investing to mutual fund equity for the last couple of years, place succeeding mutual fund investment to a ‘balanced fund’.
3. Continue to allow my company to auto-deduct for our savings/retirement plan (also a mutual fund)
January 8th, 2009 at 2:53 pm
open a PERA account.
btw, ms. salve, what’s the latest news on the PERA BILL?
January 8th, 2009 at 12:58 pm
Sixty something here, but still in the game. Investing in Gold EFT (Exchange Traded Fund) while enjoying decent amount of monthly pension benefit after thirty years of civil service.
January 8th, 2009 at 11:26 am
turning 50 here.
- most of my investments are in real estate
- middle of last year, i have been trying to invest in more liquid instruments by putting about $2k per month on UITFs -money market funds.
- when i would have accumulated at least $100k in liquid assets in the next two years, i would reduce my consulting assignments and try to do other interesting things.
January 8th, 2009 at 11:13 am
1. Build emergency fund
2. Invest in Time Deposits
3. Cost average my mutual fund investments
4. Ride on the short term gains of stocks