Posted by TimV on January 14, 2009 at 17:12:53 from (24.59.211.126):
In Reply to: Denial? posted by Spook on January 14, 2009 at 16:48:11:
Let it ride--if he's in his mid-forties, the current market condition means absolutely nothing to the ultimate value of his current portfolio. The market is, by nature, cyclical, and at his age he is a net buyer of stocks (he buys more than he sells), so this correction is the best possible thing that could happen to the stock market. It's the exact equivalent to having a 40% off sale on stock--hopefully, he's continuing to invest.
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