“My mother sure dodged a bullet pulling her 401K back in 2008.”
Did she get back in?
Before the dip: Dow 11,000
Present: 18,000
For those that stayed in we are up 60%.
And if you had the stomach to buy at the bottom, that 60% increase becomes 200%.
Before the dip: Dow 11,000
Present: 18,000
For those that stayed in we are up 60%.
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Actually, the DOW hit 14,000 in Oct 2007 before it started its nosedive. It was in the 6,600 range in early March 2009. And yes, now it’s up around 18,000.
We sold nothing, continued buying like usual. We are almost double what we were at a peak in late 2007.
I’ve said it before, I’ll say it again - Investing in the stock market is investing in U.S. business. I will always bet on them to produce a profit over time.
Basically investing - decide on an asset allocation you can live with. Invest in low cost index funds. Periodically re-allocate.