Investors have been on a roller coaster ride in recent weeks, as major Wall Street indexes keep seesawing. Last week’s 299-point plunge in the Dow has prompted more than a few investors to question whether stocks are still the safe bet they were last year. In the face of all this volatility, the Business Journal asks:
Are you shifting some of your investment money out of stocks?
Marlene Dennis (pic newsmakers8-3)
Vice President of Human Resources
Aerospace Corp.
No. I’m in it for the long haul. In the long run, the market has always gone back up.
Richard Licata
Executive Vice President, Entertainment
Rogers & Cowan
No. I’m going to hold steady on the advice of my stockbroker, and keep my fingers crossed that the clouds will roll by. By nature, I don’t like to nurture deep fears. The world especially the financial world has been cyclical and I think that this too shall pass.
Jeffrey Kreshek
Vice President of Development and Operations
Regent Properties
Yes, yes and hell yes. Right now I’m hearing all kinds of talk about profit taking and staying at the party too long. I’ve been at the party too long and I don’t want to go home with a hangover. Obviously, there is volatility in any investment situation and the stock market is no exception. I think it’s personally time to walk away and re-evaluate my position. I’m looking at more short-term investments, keeping my cash liquid. I’ll re-evaluate when I start to see some signs what signs I don’t know.
Richard Nevins
Managing Director, Corporate Finance
Jefferies & Co. Inc.
I actually happen to be selling a little bit today, but that’s to take care of my daughter’s tuition. I have a long time horizon I’m not a market timer or stock picker. I’m fully invested in equity-oriented mutual funds. I’m staying put.
Jim Goyjer (pic newsmakers8/3)
Executive Director
Prostate Cancer Research Institute
No. I think in the long run, the market will go up. It will have its ups and downs, that’s the way of the world. I’m optimistic about the American economy and the world economy all economies are intertwined. When one area has difficulty, another area picks up the slack. Now, Europe is very strong and the Asian market is not so strong, next year it could be the reverse things are probably (balancing out) right now. I’m keeping my money where it is, in mutual funds.
Kevin Recker
Supervisor
Singer Lewak Greenbaum & Goldstein LLP
No. I’m a long-term investor. I’m not nervous about short-term ups and downs.
Mickey M. Siam
Chief Operating Officer
Investment Development Services
No. Because I am a long-term investor, I truly believe the stock market for the long term is a good place to invest funds. Anyone who requires money in the short term three to five years shouldn’t be there. I’m not shifting any of my funds.
Craig Devin
Vice President of Business Development
Alesis Corp.
I am looking at a conversion to bonds. Stocks decline in value as the market readjusts. Bonds tend to be reciprocal in the market, if stocks are going down, bonds will be up. It’s a good time to move from stock-oriented funds to bond-oriented funds.
