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Re: Stocks continue to tumble.
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Originally Posted by wrxsti
I have to agree here. I've seen friends get cought up in this, they inevitably buy high and sell low. My retirement is 30+ years away, were going to ride this one out. It is depressing to open the quarterly statements however.
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That's right, in 30 yrs, today's volatility will be a dim, distant memory. The best thing to do is "stay the course and keep fully invested". Add to your investments on a regular basis and you'll be just fine. Market timing is a fools errand, nobody can do it consistently.
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I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money."
-- Barney Frank, October 20, 2008
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