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IRA and whether it's time to withdraw?
We have monies invested, but not that much, have lost over $8,000 within this last year. Have heard that if one can't hang on for at least 5 years, it should be pulled out. We'd rather put what we have left in savings, maybe invest with oil or a house, ( that would be rented ), what we think is a better investment right now. Would really like some opinions. We know oil is low, but can only think that it would eventually rise, the same idea with housing.
1 Answer
- Anonymous1 decade agoFavorite Answer
Sure.
Buy high, Sell low is what I always say.
Edit:
When you say lost 8000 do you mean:
Lost 8000 on the money you originally invested?
or
Lost 8000 on the gains you had?
Cuz if its the latter, then you really haven't lost much.
That money was invested, counting your eggs before they hatch isn't a smart idea.
Me:
I think the markets will eventually go back up. Whether that takes 5 years or more I dont care. Im invested for the long haul.