Well actually, EVERYONE, the time is now. If you have been paying attention to the U.S. stock market, you know the last couple of weeks have been brutal. Nasty. Ugly. Insert your descriptive word here. The DOW dropped another 445 points today or about 5.5%. Add that to the 427 point drop yesterday and we are sitting at 7552.29. I am approaching a 50% loss in my retirement funds. Seventeen years of savings. Is the carnage over? Who knows? But, I do know this. I couldn’t be happier. I’m continuing to invest. This is a buying opportunity baby!
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Last week was an incredibly scary trip for the US stock market. Correction. Last week was an incredibly scary trip for the global stock markets. What a roller coaster ride it’s been. If you have a diversified portfolio, you have probably lost upwards of 40%. That’s one heck of a hair cut! At least 2 trillion dollars of wealth have been lost in the US market alone. Devastating. Depressing. And the markets free-fall may not be over yet. Some experts think we could see another 1000 points shed before the markets bottom out. Then again, it could begin rebounding today. Either way, one thing is nearly certain, it’s going to be an up and down, bumpy ride for the foreseeable future. So what should you do next?
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