Patience is the key. You will be just fine, don't sell. The right way to buy on lows, but sometimes you never know where the lows are. I started buying today and will continue this week and week after. Some useful info:
Jack VanDerhei, the institute’s research director and co-author of the 2014 Retirement Confidence Survey
About 36% of workers have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions, and 60% of workers have less than $25,000. Simple math. You can using house as an atm, but you need a lot equity. After 2008 ppl will think twice before using any equity from the house to spend money. So... I don't see spending increase in US for a long time. No spending - loosing jobs(a lot). Just wait. It will come.
P.S. Lots of uncertainty present days. is China ok? C r i m e a. Lots of ppl think it's over. Think again. It was an introduction. The world has changed. It will never be the same as it use to be.
The story about the rental housing industry on ZeroHedge underscores the continuing economic contraction. Food to eat and a roof over your head are essentials. When enough no longer have them, we're going to see a radical shift in the American panorama. I think TPTB see the handwriting on the wall and are cranking up the gun grabbing effort to forestall revolt. I'm quite excited by the developments in Connecticut. It seems there is still some of the American spirit to be found.
They don't print money, they onle do you QE by buying bonds and MBS from the dealers thus increasing reserves. Banks DO NOT lend reserves so no money is actually created. Anyways, money is only created when you take a loan out from the bank. When you do this you create a deposit in another institution and thus money is created because the economy is growing.
Now that being said, money can be created by deficit spending but the loans that have gone bad over the last several years and destroyed as much or money new money that has entered the system.\
This is why precious metals have not moved higher because no actual money has been " printed " in sufficient quantities to produce dangerous inflation. Now, I understand we have seen inflation and the fed keeps fudging reality out of the picture to keep society from coming unglued, but this inflation is from speculation and it comes with the territory and is a whole other issue.