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Re: Stocks continue to tumble.
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Originally Posted by partofme
I think this is the sensible approach. I'm 29 and I know that in a couple decades I will probably not even remember this period and it will most likely be nothing more than a blip once I reach retirement age.
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You are wise beyond your years. At age 29 you can take solace that the stock market is in a bear mode. You'll now have the opportunity to purchase stocks at a lower cost. Then when the bull market makes it's inevitable return, you'll reap the rewards. Keep adding to your investments in regular periods.
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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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