FYI: The stock market has been plummeting and my own retirement portfolio has been shrinking.
Am I worried? Sure. But I’m still buying stocks.
Week after week lately, I’ve been stubbornly funneling part of my paycheck into diversified equity mutual funds in the hope of long-term gains, knowing full well that I’ve been losing money.
It’s not because I’m confident the market will start a big rally soon. I’m sticking with stocks precisely because I have no idea where the market is heading, and the statistics show that mistiming market rallies is excruciatingly costly. And I’m doing it out of faith in the future. Over the long run, the stock market has produced marvelous returns. I hope that will still be true, if I wait long enough.
Regards,
Ted
https://www.nytimes.com/2018/11/16/business/falling-markets-investing-anyway.html
