Congratulations! If you are only 22 and have really done all those financial things, that is a great thing. As for buying bond funds, I would say "no." I can appreciate that you started out at the peak -- 2000 -- and have only seen your holdings drop since then. I would give you the traditional advice: dollar cost average, investing a little each month or quarter (usually the 401K). Even if the bear market last for years, like it did from about 1972-1982, you are buying lots of stock at cheap prices. You have perhaps 40-50 years until you would retire.My advice would be different if you were more like me: older (40) and/or with a large amount of money (lump sum) to invest. I will be getting a large amount (inheritance) and you can bet it won't all go into stocks -- probably about 25% to 50%. The rest will be in cash and bonds.
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