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Help a Reader – Continue 401k Investing in Spite of Recent Dip in Market?

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10:25 am
August 12, 2011


My Personal Finance Journey

Member

posts 3159

I received a great question from a blog reader yesterday about whether or not he/she should continue funding his 401k Fidelity Freedom Lifecycle Fund in spite of the current market downturn. 

I'd love to hear your advice for this reader (see link below to read post)! I really enjoy these types of posts!

http://www.mypersonalfinancejo…..-fund.html

Jacob @ My Personal Finance Journey

Visit me at My Personal Finance Journey

Email me jacob@mypersonalfinancejourney.com

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12:05 pm
August 12, 2011


Derek@LifeAndMyFinances

Member

posts 1298

I would say of course!!! The market is now at a discount. Buy buy buy! :)

Derek @ Life And My Finances 

Website: http://www.LifeAndMyFinances.com

Twitter: http://twitter.com/LAMFinances

Email: derek@lifeandmyfinances.com

1:51 pm
August 12, 2011


Tony Chou @ Investorz' Blog

Member

posts 643

I would say don't. The markets are indeed oversold, but they can be more oversold. This is exactly the kind of questions people were asking in October 2008. We all know what happened after that.

A blog for investors to learn how to invest in the financial markets. Investorz' Blog

Yakezie holiday badge contest. Click

2:06 pm
August 12, 2011


Buy Like Buffett

Member

posts 1682

You have to keep buying in my opinion. Take a long term view.

 

 

Mark

Learn how to build wealth at Buy Like Buffett.

Learn about making money online at Mark Riddix dot com

Follow me on Twitter

11:56 am
August 14, 2011


MyJourneytoMillions

Member

posts 1012

WEIRD! I got a VERY similar email however when I emailed him back it bounced?

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