Just started a new automatic investing in my 401K. I had a third in cash since the top last year. 5 great funds, by 5 great managers with great track records. I am putting a portion of my cash and current contributions in each every month. I hope there is like a 800 point down one day so I can put a big chunk in. This really is a fantastic time to dollar cost average! I also put a little in my non-retirement mutual funds today. Since I have 70% cash in those accounts, I have the opportunity to buy low when others are selling. Yeah, I am losing money on my 401ks and IRA right now, but I don’t need the money for at least 2 decades so this truely is one of those times in a generation when you can really make a Positive long term inpact on your net worth by investing on a monthly basis as the market gets hit day after day!
I love big down days in the market! Keep them coming!
If you can stay employed during these next 3 terrible years, and I will, the investing you make on these down markets will pay big time in the future!
