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re: For those that had money invested in 08-09
Posted on 5/2/15 at 9:15 am to STLhog
Posted on 5/2/15 at 9:15 am to STLhog
I took a hit in 08 but had stockpiled some cash. I kept my 401k rolling and purchased some bargains.
Same thing now...I continue my investments in 401k and my vanguard fund. I have some cash in case things fall off the cliff.
I also save up and try to buy 100 shares of a company I like once every year or so. That has helped my build my own fund.
Same thing now...I continue my investments in 401k and my vanguard fund. I have some cash in case things fall off the cliff.
I also save up and try to buy 100 shares of a company I like once every year or so. That has helped my build my own fund.
1
Posted on 5/2/15 at 1:08 pm to nelatf
I got out at the top in '01, and back in at the bottom in '03. Felt like a genius.
Rode it out in '08/'09, 4 yrs from retirement, and felt like an idiot. It was VERY painful watching my savings wacked almost in half and I lost some (ok a lot) sleep. Now glad I stayed the course.
Some of my coworkers with sizeable savings freaked out and sold near the bottom. It's hard to grasp the feeling you get when seeing your life savings drop hundreds of thousands of $ and you're nearing retirement (all of us in our late 50's). It's like losing an arm or a leg, like you're no longer whole. One commented he "took some money off the table". In reality he just locked in his losses.
Successful investing sometimes takes a lot of guts.
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