I'm a young guy in accumulation mode. I've watched everything I've accumulated over the last three years get wiped out, and its now substantially negative. Not interested in selling now, but for new cash that comes in, I'm thinking of putting it into the mortgage instead of continuing to buy crappy stocks that only go down. When you lose an entire year's worth of 4% dividends in one day, or markets can be "mispriced" 10% from week to week, that's not investing, that's just throwing money away. I know the invest/payoff mtg question has been discussed elsewhere on the board.
Of course, if the economy continues to deflate asset prices, whether they are stocks, bonds, or houses, nothing I do will make much of a difference.
Of course, if the economy continues to deflate asset prices, whether they are stocks, bonds, or houses, nothing I do will make much of a difference.