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My IRA is down 20% and Im still contributing to it and dollar-cost-averaging my positions and picking up some undervalued and battered stocks.
My friend also sent me this interesting excerpt he heard on CNBC:
75% (give or take) of investors buy stocks heavily when the market is sound and the stocks are almost full prices. They have a false sense of security thinking the market is solid and it can only go up. So 75% of the traders will wait and buy at the high cause they think it's safe....which is why losses are so huge in times like this.
Whereas, those same 75% won't buy stocks when they actually should...when the market crashes or stocks are so devalued...cause everyone is so scared to invest.
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