I don't know about you, but I am PSYCHED that the stock market is going down. Why? because there is going to be another year where the stock market goes waaaaay up and when that happens life will be good.
Here's my evidence. Every single one of these mutual funds has only had one negative year between 2000 and 2006, and then the next year there were some huge gains.
http://finance.yahoo.com/q?s=DODGX (lost 10% then gained 32%)
http://finance.yahoo.com/q?s=NVSOX (lost 18% then gained 36%)
http://finance.yahoo.com/q?s=CRIMX (lost 16% then gained 41%)
If history repeats itself, we will be out of this quagmire and into soaring profits once again!
Just for completeness here are some that had more than 1 negative year :
http://finance.yahoo.com/q?s=FDIVX
http://finance.yahoo.com/q?s=VINIX
http://finance.yahoo.com/q?s=VEXAX
1 comment:
While we can't predict the future, I don't see the reason that people are so concerned about the current down time. I talk to people at work who are concerned that their 401k has gone down and other retirement accounts.
My first question to them is if they plan on selling soon. They always say, well, no. So what's the problem then? You get to continue buying at a discount.
(note: you should allow anonymous comments for peole without a blogger account)
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