BenzWorld Senior Member
Date registered: Sep 2008
Mentioned: 0 Post(s)
Quoted: 9 Post(s)
If you went long the market on Buffets call you're up 12.5% in 3 weeks. If your time frame is long you should be adding to your 401k's and the like as much as you can. I still think we could test the lows but I think a bottom is set in at DJIA 8000, and it is well defended.
If you have the time to be in front of your computer and want to be a trader that's a different story, but if you're a typical buy and hold investor and you have been adding your monthly contributions you're likely to look back on these times as the best of your life 10 years from now.
I was around for the tech bubble and the crash of '87 and heard all the same things then, but even in the face of some serious losses, I kept up my contributions. It took a while to recover but the money I contributed during the worst times is the money that has increased the most. A balanced portfolio and sensible allocations is still the best way to do this thing for 99% of folks.
When devils will the blackest sins put on, they do suggest, at first with heavenly shows - Othello