Quote:
Originally Posted by Slava
As far as my comment about the shredder, I was serious. I have been extremely close to buying a bunch of these to give to clients with that advice...but I've never taken the final plunge on that.
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I'm pretty much like this. At the very least, I'll leave my statement for a few weeks before I open it, but sometimes it goes right into the shredder. I prefer to stick my head in the sand and trust that my advisor and the managers of my funds know what they're doing. Right now, I'd say the worst thing that you can do is move your money around or pulling it out completely, and risk missing the rebound. If your fund managers are competent, they should be smart enough to minimize the damage, and maximize the rebound. So we'll see if it pans out that way. (Not that I'll know, as my statements will be in the shredder.)