" All of these passive investors will get to see their paper losses in the coming weeks when the quarterly statements show up.that I was taught that our economy is based on periodic down turn cycles. The very same doom and gloom talk happened during the other turn downs."
Guy's, your panic recommendations go against what TIAA CREF has advised me through the past 4 downturns I've been through (1980,'87,'00,'08). With a well diversified 403b portfolio (plus Roth and a few others) adjusted to one's stage in life (risk level), I've always been told to stay the course. In very simplistic terms, they always said that during these downturns, your stock portions will be accumulating even more cheap shares that will grow even more when the upswing takes place. They haven't been wrong so far.
As bad as this is, again I repeat what I learned in high school economics: our economy is designed to go through periodic downturns. Each time is different, with different causes and effects. We survived back then. We will survive again.
Guy's, your panic recommendations go against what TIAA CREF has advised me through the past 4 downturns I've been through (1980,'87,'00,'08). With a well diversified 403b portfolio (plus Roth and a few others) adjusted to one's stage in life (risk level), I've always been told to stay the course. In very simplistic terms, they always said that during these downturns, your stock portions will be accumulating even more cheap shares that will grow even more when the upswing takes place. They haven't been wrong so far.
As bad as this is, again I repeat what I learned in high school economics: our economy is designed to go through periodic downturns. Each time is different, with different causes and effects. We survived back then. We will survive again.