 Quote:
Originally Posted by audreyh1
I'm staying the market in because:
A ) It's too late to sell, and
B ) I have a long time horizon for portfolio survival - 50 years, and
C ) I already had enough in fixed income/cash to cover at least 10 years so I can afford to wait this out.
(Long-term) self interest here. Not really patriotism, although I do take pride in owning a piece of great American businesses and entrepreneurship, and I do choose to be a US citizen.
It's been tough witnessing this crash and seeing my retirement fund decimated, but I don't really know how to do anything other than "stay the course".
Audrey
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I agree. I refuse to give in to panic as well, seems a little late for that anyway. Even though those who have panicked contributed to the decline, I realize everyone has to do what they can live with. I will also wait it out, and expected to be rewarded in time...
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Retiring May 2010 --- maybe.
You only live once...
If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and and never will be. Thomas Jefferson
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