What to do about the

[RL]

Feds Intrest raise. As most of you know by now, I don't know jack s--- about the market. However I'm up a little this year but It Is a slow long grind. Now do you sell before the fed raises rates and buy back at a lower price or sit tight and wait another month or more to get to where you are now? Sure would appreciate some advice.

[skiracer]

Feds Intrest raise. As most of you know by now, I don't know jack s--- about the market. However I'm up a little this year but It Is a slow long grind. Now do you sell before the fed raises rates and buy back at a lower price or sit tight and wait another month or more to get to where you are now? Sure would appreciate some advice.

I think that would be a guessing game. If they raise or lower the rate the immediate to short term effect usually comes and goes within a few days and then is forgotten and the hedge funds get back to running the show as usual.
If you're holding a position, depending on your discipline or stragegy, I can't see exiting just because of an upcoming rate decision. On the other hand it might be sensible to not enter into any new positions just before or right at the Fed meeting date because of the ripples that it could cause in the market.
Depending on the direction you might want to trade a stock you might get a better price one way or another after seeing what effect the rate increase or decrease will have on the markets.

[RL]

Thanks for your answer Ski. I was hoping the question would get a little more response wanted to see how to play It.

[DSteckler]

Be reactive, not proactive.

[IIC]

Prepare a list of stocks that will react well to a 1/2 pt hike...If it is 1/2 pt then follow Dave's advice...Doug(IIC)

[Lyehopper]

Learn to short sell....

[skiracer]

Thanks for your answer Ski. I was hoping the question would get a little more response wanted to see how to play It.

Ray,
I wouldn't exit the position just because of the upcoming Fed meeting. I most likely would hold off on entering any new positions in front of the Fed meeting just because of the effects it could have on the markets. You might get a better buy by holding off a few days until after the meeting is over and the news digested. But definitely wouldn't overreact to an upcoming Fed meeting and possible rate hike or decrease. What other possible scenarios could take place? How else could you play it. You either exit, stay in or buy more. Perhaps buy calls or puts as insurance one way or another.