No. of Recommendations: 3
I know that past history is no accurate predictor of the future, but....

Back in 1987 I got spooked when the market dropped. (I was relatively new to investing then.) I had $200 per month going automatically into two mutual funds (one for me and one for my kids' education) plus I was writing a monthly check for $100 to another fund. Because of the automatic payroll deduction aspect of the first two funds, I kept that up. Because I got scared, I reduced the $100 to the other fund to $50 per month and put the remaining $50 in a bond fund.

If I could walk that dog back, I would have "stayed the course" which is what I am doing now. Although I am not fully retired yet, between my pension and my bond/CD ladder, I am covered for 10 years of living expenses so even though I am not a young pup, I agree with those who say that stocks are on sale now.


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