Quote:
Originally Posted by Slava
I can't give specific advice here, but a couple things to bear in mind. First of all, the markets are volatile today, but we're talking about a 2% drop today at this point, despite the news articles that will surely sensationalize this.
The other and more important consideration is that if you are investing for the long term these shorter term issues are largely meaningless. I mean sure, if you bought at 7:31am this morning you got a better deal than what you got say right now, but 20-30 years down the road its not a huge deal. The idea of timing some events like this with long term investments is ridiculous. Be patient. If you don't want to see volatility then you have a couple options: don't invest in things with the potential to be volatile, or don't look.
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Haha, no doubt. As I said, I'm bemused more than anything, and only because of my timing. In 20-30 years when I cash it in, this drop will be a long forgotten blip. But I am enjoying following it because the little rises and bigger falls really lays bare the challenges the market is having at this point in time. This fund has lost about 5% since I started it - but that equates to only a $70 loss for me right now. And the flip side is it means my automatic deposits are currently buying more shares than when I started, which will help in the long run.