Leaving for around a year - stock safe? - Business, Finances and Investing Forum

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Leaving for around a year - stock safe?

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11-15-2007 , 03:37 PM

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 52,660

this is a pretty newb question. i'm going travelling for about 1 year next week. i currently have a significant portion of my assets invested in 6 ETFs.

is it wise/safe to just leave them unattended for the next year? they've recently dropped about 6% in the last week which is a little alarming.

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11-15-2007 , 07:09 PM

octaveshift

old hand

Join Date: Apr 2004 Posts: 1,852

It all depends. How soon do you anticipate needing to touch the money?

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11-15-2007 , 07:13 PM

CrushinFelt

Pooh-Bah

Join Date: Aug 2006 Posts: 4,650

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The point of having your money diversified in 6 ETFs is so you don't have to worry about anything.

Enjoy your trip.

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11-15-2007 , 08:30 PM

iversonian

Carpal \'Tunnel

Join Date: Sep 2003 Posts: 21,446

Stocks aren't like children. They're not safe or at risk depending on whether or not you're doting over them.

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11-15-2007 , 09:19 PM

stephenNUTS

banned

Join Date: Oct 2006 Posts: 3,290

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The point of having your money diversified in 6 ETFs is so you don't have to worry about anything.

Enjoy your trip.

I agree...if you are in 6 diversified ETF's...and barring a complete market collapse...you should go and enjoy your trip,and hopefully when you return,you will have a decent ROI

Stephen

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