Gardnr
Recycles dryer sheets
Yeah, I know the feeling. For that matter, reinvesting dividends at fire sale prices would help long term as well.If you would have told me a year ago we'd be at 9,500 today, I'd have said you're full of it. Just goes to show I can't predict the market. My only saving grace is that I already knew I couldn't...and I've never claimed that I could.
Now that the market is down, I'd just as soon see it stay there for 6 months so the 18% I have taken out of my paycheck along with our $8,000 IRA contributions we'll make in about a month buy us more equities at sale prices.
Dave
Even given the thoughtful, analytical side that yields that conclusion, it's hard to get over the gut wrenching that this downturn creates.
It's definitely more fun looking at an upward sloping trend, ain't it!?