From CNN Money, here's my "stay calm" post of the day:
Rocky market, smart strategies -- "Indexing and dollar-cost averaging are always sound approaches to long-term investing, but right now they're especially timely."
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Dollar cost averaging is one of the first investment principles I learned and it has served me well. However, like Warren Buffet, I will increase my position in stock of an excellent company (value) when the price becomes extra-ordinarily attractive - and push aside timed timed purchases.
Posted by: Bart | January 29, 2008 at 12:58 AM
Yea, notice after all of the excitement last week about a market crash the markets have gone up. Not significantly, but there was a brief opportunity to buy there.
Posted by: No Debt Plan | January 29, 2008 at 11:50 AM