We watch the news and see the stocks go down and I have looked at my retirement accounts, weekly.   I made small adjustments to my IRA and 401k mutual fund directions to more conservative investments- bond funds, growth and income funds, and taken money from agressive funds.   My losses were 13% last week but they are probably worse this week.

I still have a job but we could expect job cuts in the beginning of the year if this trend continues.  I will try to add value to my company so I will not be cut.

We are paying off our last credit card, I will not use them anymore, slowly saving about $300 a month for oil this winter since July.

I have looked at gold investing and am moving slowly on that.

My wife and I are looking at alternative media, as main stream media does not tell the true story.        I see shades of how much of a house of cards we have in our economic system, and it does head towards the conclusions as prophesized in the Bible.  

I grieve for our United States of America.

We are in prayer, and we look up to our Lord for our daily bread and hope.

I will not panic or give into fear, but prepare for some rough times.

Since January we have watched our 401K drop from $83K to $63K.  We held on because we wanted to take advantage of buying low.  But last week it dropped to $50K.  It was probably a bad idea, but we got scared and pulled our 401K money out of mutual funds and put it into a money market (still under the 401K umbrella).  Now we are thinking about dollar cost averaging it back into mutual funds over the next 12 months.  What do you think?  Also, would it be wise to put the new 401K money into mutual funds or stay with the money market.  The company matches us $.75 on a $1.  We thought we were doing the right thing to maximize our 401K, but now we feel unsure.  We would appreciate your thoughts.  I am 47 years old.  Our only debt is our house.