(no subject)

[ceebeegee]

Goddammit, people. Fucking get a grip and STOP PANICKING.

Jesus. STOP SELLING. There's nowhere for the market to go.

Comments

[ceebeegee.livejournal.com]

I gulped and checked my trust fund today. And believe it or not, it hasn't tanked--I should probably buy some more shares. Naturally though, my 401(k) is in the toilet. Haven't checked my Roth IRA yet.

It'll all even out. It's driving me crazy hearing the woman for whom I work getting upset about it, though. She canNOT stop talking about it.

[minstrel70.livejournal.com]

Yeah, it's a rough year for most people's 401K. I started out heavily invested in international funds (betting on the weakening dollar) and boy, has that hurt! But dollar-cost averaging will come to the rescue. Worst two things that anyone can do to their retirement savings right now are 1) stop investing and 2) rebalance (although some prudent changes to the investment allocation are not a bad idea). Markets will recover -- they always do. Just a matter of patience.