Ditching the Stock Market

2008 stole 1/3 of the value of my IRA funds from the market. I told myself if the market ever got back up to 11,000 (it was down around 7,000), I'd take all my funds out. Spring 2010 it did so I did. I took all my money out in CDs here in town. For return they are getting crap, but something and I know at least that I will not lose anything. Last month the market last 2%, my investments made between 1 and 2.5 percent depending on the investment. Not what I would like better than it could be.

Now I'm 65 and so money I lose I have less time to earn back. If I were 35 I might have made a different decision. I had to get rid of those 13% interest payments on my credit card. I was getting killed on the spread.

It did the trick and I came out with some investments in tact and all of my debt gone. But the fun part is just beginning.

Stay tuned.