Yes the Market is down 5,500 points from its high a year ago. Yes if you owned a whole market stock fund it would have lost close to 40% of its value. And I will give you the best advice you can get, and I’ll give it to you for free:
Do Nothing.
That’s right do nothing, matter of fact don’t even look at your balance. All you’re going to do is get angry or worse panic. I bought stock a year ago when the DOW was close to 14,000 points, it is now below 9,000.
Am I worried? Not really at all. I have at least ten, twenty years until I will change from trying to grow my money to just trying to beat inflation. So if you’re me, and have years and years of stock buying left; completely ignore the financial news, and don’t check your account balances. So now I continue to purchase stocks in my 401k every time I get paid, and my Roth will soon be maxed out for the year.
“Be fearful when others are greedy. Be greedy when others are fearful.”
-Warren Buffet
