How much wll the stock market drop?

[docholly]

Originally Posted by JustRobert

I agree with the "buy and forget" principal as long as your not close to retirement. I am not, so weathering the storm is no big deal. I have mine set up in a restructuring account so every 3 months it sells off gains and buys those that are down keeping portfolio balanced by holding a percentage of each automatically. This has produced better overall gains than the B&F format.

Bulk of my portfolio was purchased before I left my old company 3 years ago and my house was purchased around the same time so both are still way up overall

I will say that sometimes it is frustrating to know that in the past year each have tumbled tens of thousands of dollars and will continue to do so over this year, IMO

I was about 32 when I first bought in. After 9-11 I restructured some things in order to have some kind of income when I hit 65/70 etc. I'll probably never retire in 12 years but I know that S/S will never be able to cover even the most basic of living expenses.

I did dabble in "Day trading" at the end of the 90's. but it was too volatile for me. it wasn't much but I love to gamble and I could see a serious addiction coming on. So I quit and just went back to my original plan.. of Research, find, buy and forget.