Tuesday, October 14, 2008

Stay the course

With all the turmoil in the markets, we may have been tempted to just get out where we can(can't just dump the retirement accounts) and stop investing for a while. We decided that would be a really bad idea. We would have missed the big rally yesterday and would be kicking ourselves again. The pros always advise to stay invested all the time, and ride out the highs and lows. In the end we should be ok as long as we ratchet back the market exposure gradually as we approach retirement. It is tough to watch the markets every day not knowing what is going to happen, but there really is no other choice. Sticking our money under the mattress is simply a bad idea. Hang in there everyone!

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