How safe is my money in Domestic Stocks right now b/c of our economy? Should I pull it out or leave it in? ?
I have about 6K invested with T Rowe Price, and it's considered a "safe" stock option account. However, because of the economy recently, it's started to plummet and is already down 13% on the year. Is it safe to leave that in hopes that our economy is going to turn around soon, or should I pull out what I have left? Please advise!
Public Comments
- I also like trowe price. Got about 180 shares myself. And I am also buying another $250 a month, so I don't mind seeing it 'take a hit'. Figure I'm buying cheap(er). A good long term investment (in my opinion). Re-reading your post, I'm wondering if you are talking about TR Price's funds?? They are as safe as anyone's funds. Price is a very successful & profitable company. But their funds are suspceptible to market forces (like anyone else). If you are a long term investor, stick with your plan. My 401k is also TRow Price.
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