Originally Posted by Sako76
Originally Posted by ironbender
Originally Posted by Poconojack
Originally Posted by Sako76
Hold on, the stock market will bounce back! It may take a year or two.
It always does.
Never use the news cycle as an investment guide.

I've been in the market for 37 years, if you look at the rolling 5 year average of the market including the crashes of 1929 and 2008, the returns have always been positive.

I've seen so many people get out of the market at the bottom "to stop the bleeding" screwing up their retirement it's hard to imagine. Getting out of the market and trying to time it usually leads to missing some or all of the best trading days in in a year.

This. Rule #1 is: don't panic and do something dumb. Ride it out. Even at 68 that is my plan.

kwg

For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.