Comments on: The Fed Cuts Rate By a Three Quarter of a Point; Dow Plunges This Morning http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/?utm_source=rss&utm_medium=rss&utm_campaign=the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: MJS http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/comment-page-1/#comment-5498 MJS Wed, 30 Jan 2008 21:33:00 +0000 http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/#comment-5498 How much does the Fed have to cut rates before I consider refinancing my house? I have a 6% interest rate right now on my house and the website of my bank currently has the 30 yr fixed at 5.5%. Should I consider refinancing? How do I determine if I should consider? How much does the Fed have to cut rates before I consider refinancing my house? I have a 6% interest rate right now on my house and the website of my bank currently has the 30 yr fixed at 5.5%. Should I consider refinancing? How do I determine if I should consider?

]]> By: author http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/comment-page-1/#comment-5467 author Tue, 22 Jan 2008 23:33:23 +0000 http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/#comment-5467 You're not alone, Jacqui! I have lost hundreds in my account in the last 3 weeks, because I have a fairly aggressive mix of funds in my 401k. All that I can tell you is that you are right to keep thinking about how young you are and the best thing to do is ride out the waves. What goes up, will come down sometimes. You need to look at the bright side of all of this. You probably contribute to your account every 2 weeks or every month. Just think about the money you put into the account in the coming months when the stock market is at its lowest point. You'll be buying new shares VERY LOW, and making even more gains when the market starts going back up. I'm going to be doing a post about the bright side to a possible recession and/or bear market. Hang in there! You’re not alone, Jacqui! I have lost hundreds in my account in the last 3 weeks, because I have a fairly aggressive mix of funds in my 401k.

All that I can tell you is that you are right to keep thinking about how young you are and the best thing to do is ride out the waves. What goes up, will come down sometimes. You need to look at the bright side of all of this. You probably contribute to your account every 2 weeks or every month. Just think about the money you put into the account in the coming months when the stock market is at its lowest point. You’ll be buying new shares VERY LOW, and making even more gains when the market starts going back up.

I’m going to be doing a post about the bright side to a possible recession and/or bear market. Hang in there!

]]> By: Jacquelyn Hart-McCoy http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/comment-page-1/#comment-5464 Jacquelyn Hart-McCoy Tue, 22 Jan 2008 17:46:08 +0000 http://www.moneycrashers.com/the-fed-cuts-rate-by-a-three-quarter-of-a-point-dow-plunges-this-morning/#comment-5464 Its been super tough to see our retirements accounts go down down down every week. I know we are young and have lots of time but its hard to know if we should do anything specific or just let it all play out. I am very diversified yet ALL my accounts seem to be losing. What do you think? Its been super tough to see our retirements accounts go down down down every week. I know we are young and have lots of time but its hard to know if we should do anything specific or just let it all play out. I am very diversified yet ALL my accounts seem to be losing. What do you think?

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