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Reply to "Dow below 40000 by end of the year "
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[quote=Anonymous][quote=Anonymous]There is too much volatility unfortunately the best course of action is to do nothing. If you are a long term investor who doesn't need the money in 5 years or so, you should be able to stomach up to 50% decline. No need to panic if your losses haven't reached -50% But I'm not an expert. That's just the mindset I have. When we tabulate all our assets we consider our equity position to be 50% less than what it is. This way if we have a true economic calamity we are not going to have strokes lol [/quote] I like that philosophy! Helps keep me from freaking out right now. 50% drop is huge, but I would still be able to survive with just that, and perhaps even enough to help those that are truly rocked by such a drop.[/quote]
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