I've bumped up my 401(k)contributions a percentage point twice during this slide. Everything is on sale. When the market rallies, I'll be sitting pretty.
Its always distressing to see your portfolio going down in value but, as you already know, the nature of the market is that it can happen from time to time.
You shyould look at it this way. How many shares of stock did you own in September? Do you won any fewer today? If your investments were sound to begin with the shares will recover their value. If it takes a year or two or ten what difference does it make to you since I doubt you're planning on retiring any time soon.
You should look at this as a buying opportunity. You haven't, in fact, lost anything since you haven't, I assume, sold anything and realized the loss. But now is the time to get more shares on the cheap.
Oh, well most of my "investments" are in my 401(k) plan - which means we only get about 12 or so generic funds to choose to invest in.
I have it all in cash equivalents right now. I took money out back in January, so I've ridden the losses well. I will be putting it back into the market soon - I recent got the ability to put a quarter of them into individual stocks, so I'm checking out which ones look like long-term values. What do you think of GE and it's current price versus dividends and future prospects?
My extremely modest Roth IRA is up about 20% this year.
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You shyould look at it this way. How many shares of stock did you own in September? Do you won any fewer today? If your investments were sound to begin with the shares will recover their value. If it takes a year or two or ten what difference does it make to you since I doubt you're planning on retiring any time soon.
You should look at this as a buying opportunity. You haven't, in fact, lost anything since you haven't, I assume, sold anything and realized the loss. But now is the time to get more shares on the cheap.
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I have it all in cash equivalents right now. I took money out back in January, so I've ridden the losses well. I will be putting it back into the market soon - I recent got the ability to put a quarter of them into individual stocks, so I'm checking out which ones look like long-term values. What do you think of GE and it's current price versus dividends and future prospects?
My extremely modest Roth IRA is up about 20% this year.
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I think you and I operate in entirely different market universes.
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