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Old 02-03-2008, 12:51 PM
  #19  
bjuice
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RACING JUNKIE
 
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Join Date: Apr 2003
Location: Greenville s.c.
Posts: 3,236
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what i can say about BAD economy from past history,such as WWII depression and another other low times......Many people set themselves up for having a lot of money in the future and even get RICH..

what i mean by this..is now is the best time ever for anyone in a 401k or other kind of mutual funds.....the stock prices are low...now is the time to BUY,BUY,BUY,BUY..
if your anyhwere from legal working age up into your mid 40's or lower 50's..now is the time to increase your 401k etc......
you will end up having a-lot of shares at the end of this economy thing..and when the market rebounds ( AND IT WILL)..Your Stock value will SOAR thru the roof...

trust me there will be some smart ones that will set themselves up or give their self a boost in their retirement effort they would have never had without this economy thing..then there will be some that will freak themselves out and sell off and lose their cans..

( if your close to retirement age the agreesive buying doesn't count for you..cut back to Bonds)

Brian
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