No. of Recommendations: 0
First, stop being afraid of a recession. They are opportunities, not the end of the world. Second, do not ever read MSN Money again. Anything you read or watch or listen to on an advertising-supported medium is more interested in spending your dollars than saving them. They don't care about you, only in ad rates. Third, stop hinting short term. You were invested only a month before being spooked. Forget dips, market timing, or predicting then next big drop. Who cares what happens tomorrow if your target is decades away?

The biggest mistake a new investor makes is focusing on price. They eagerly watch it change day by day, alternately wringing or clapping their hands. That's foolish. If you invest in a solid, well managed company with a good moat, balance sheet, quality management team, then it is the shares of that company you own that is important, because the never lose quantity, even as the price loses value. If you believe you have a company that has the smarts and resources to ride through tough economic storms, then you are likely to come out the other side stronger than you went in.

Fuskie
Who thinks while you may not want to cry over spilled milk, you sure better learn from it...
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