Posted by MarkB_MI on January 14, 2009 at 17:10:39 from (74.126.2.216):
In Reply to: Denial? posted by Spook on January 14, 2009 at 16:48:11:
If he pulls his money out now, and the market goes back up, then he's worse off than if he does nothing. Yes, if he had had 20/20 foresight and moved his money out of the market a year ago, he would be way ahead. But he didn't. Neither did I, for that matter. Well, I moved a little bit out, but not as much as I should have.
One of the principles of long-term investment is to "average down". The idea is that you invest a fixed amount on a regular basis. When the market is up, you buy fewer shares at a higher price. When the market is down, you buy more shares at a lower price.
I am interested in hearing what YOUR investment strategy is.
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