RetirementER
Member
Cash: $ 3.45
Posts: 17
Joined: 19 Sep 2014
Location: Canada
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Interesting that nearly three months later it's closed today at 17,071. Not really much of a pullback from a high of 17,350!
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Mon Sep 29, 2014 8:20 pm |
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littleroc02us
Moderator
Cash: $ 384.35
Posts: 1891
Joined: 09 Feb 2009
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IMO, it isn't wise to sit around and worry about a 350 point shift in the Dow. The Dow only represents the top 25 companies in the US, so to me, it doesn't mean a thing. Plus I don't worry about major shifts in the market, because we are in it for the long haul. The market goes up and the market goes down. Big deal! All I look at is that my index fund has average around 18% for the last 6 years and before that it has average after inflation around 8%. Win, win.
Risk comes from not knowing what you're doing. (Warren Buffet)
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Mon Sep 29, 2014 8:33 pm |
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RetirementER
Member
Cash: $ 3.45
Posts: 17
Joined: 19 Sep 2014
Location: Canada
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Exactly... my point was that the media hype of the market up or down on a daily basis adds the kind of noise many people can't seem to decipher. The long term is what matters and what has shown itself to be solid.
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Mon Sep 29, 2014 8:46 pm |
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payment proof
Senior Member
Cash: $ 408.30
Posts: 2032
Joined: 16 Jan 2011
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quote:
Originally posted by RetirementER
The long term is what matters and what has shown itself to be solid.
I absolutely agree. Planning for retirement should be a long term process. Keep investing on a regular basis in a well diversified portfolio.
See Proof. You can make free money online.
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Wed Oct 01, 2014 2:48 am |
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