Advice for investors: What to do Now?

Discussion in 'Politics' started by topguntrader, Jul 21, 2002.

  1. While you guys are looking at your beaten up 401k this weekend, you may be asking yourself what should I do now???

    I did an exercise that helped me out....Here it is.

    Add up the sum total of all your assets in stocks and stock mutual funds.

    Then divide that by 50% and ask yourself if you can stomach another 50% decline in the value of your stock portfolio... Is this going to significantly reduce your quality of life?? If you are gainfully employed and have a longterm time horizon then it should not and you should stay the course...

    If you just can't deal with another 50% decline then bail.
  2. I'm doing you one better: I'm going to get in my Wayback Machine and sell everything in Feb 2000. :D