Posted by Bill VA on January 15, 2016 at 14:48:49 from (216.24.79.193):
In Reply to: Stock market posted by 37Chief on January 15, 2016 at 12:28:10:
I lost about 40% of my retirement funds in 2008. Didn't panic - it all came back and then some. I like low cost mutual funds vs individual stocks. Folks like T. Rowe Price, Fidelity and Vanguard have low cost mutual funds. IMHO a good place to start if you know nothing about stocks and mutual funds are the age targeted funds that are agressive when young and transition to conservative as you grow old.
I'm a believer in long term investing. Every payday, I contribute to my retirement funds - doesn't matter if the market is up or down. Historically you will come out ahead with consistent investing vs timing the market.
Warren Buffet said something to the effect - When people are greedy I'm fearful and when people are fearful, I'm greedy.
I view this downturn and others like it as a "sale". Prices cut and great buys out there!
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Today's Featured Article - Tuning Up Your Tractor: Cooling and Fuel Systems, Hoses and Belts - by Curtis Von Fange. Our tractor is coming right along. The old oil and filter has been taken to the recycler and the air filter replacement has breathed new life into our motor. Let's take a closer look, now, at the cooling system since it has to work so hard in the summer heat. Cooling systems can be real cantankerous in their old age. Radiator cores clog up with rust, lime or other mineral deposits and the fins clog up with weed seeds and debris. The metal headers slowly corrode away from years of use and
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