Quote:
Originally Posted by Rain Man
I'm usually a strong advocate for buying the dip, but not this time. I see this getting worse for a while, and maybe a long while.
I've got enough cash to hunker down for a while. I'm retired, so I'm not bringing in income to dollar-cost average, other than a little summer money that I'll put into a Roth for the tax advantages. I'm not putting that cash at risk in this environment.
People who are still working should probably keep putting money in to dollar cost average, but I bet you're going to feel sad for a while about doing it.
|
I just upped my contributions to another 5% since I got about a minimum of 20 more years to go.
So either it'll net a nice return at some point in the future, or our economy will be in the shitter where babes, booze, and bullets will be the currency of the future.