My unsolicited $0.02?
The market goes up, and the market goes down. Over the long haul - which is what you should be thinking about - it always goes up.
There are plenty of FReepers who have been predicting doom and gloom for the past ...... Well, forever. Plenty of pundits doing the same. Meanwhile, the market more than doubled off its lows in 2008-09. So, when there is a minor setback, all the doom and gloomers will jump up and down, and point, and say. “See! See! I TOLD you!”
Buy good companies, diversify, and plan for the long haul. Things will be fine. If anything, a setback like this is a good buying opportunity.
“Buy good companies, diversify, and plan for the long haul. Things will be fine. If anything, a setback like this is a good buying opportunity.”
I agree, and with all the money on the sidelines right now, there will definitely be buying going on at some point in the not too distant future.
That said, there is a lesson here for anyone holding lots of securities who is near retirement. If you’re not planning to retire for awhile, then riding out these inevitable dips is doesn’t have to change your daily life so much. On the other hand, if I were close to retirement I would be very upset by this.
Bumping for later.