Comments on: “Why Are we So Clueless about the Stock Market?”: A Book Review

By: Crystal

Crystal — Mon, 01 Feb 2010 19:24:37 +0000

The little drop last week has prompted me to buy some more shares in my Roth IRA already. My hubby bought some Pepsi stock as well. We’ll have some more opportunity money saved up in a couple of months to take advantage of any more drops.

We have 25 years until retirement…buying now just makes sense.

By: Amanda L Grossman

Amanda L Grossman — Mon, 01 Feb 2010 17:20:00 +0000

Crystal: Hello! I am happy to hear you guys were able to take advantage of some of the great buys. The market is a bit weary again…but maybe another good buying time is coming soon?

By: Crystal

Crystal — Mon, 01 Feb 2010 16:53:05 +0000

My hubby and I are way better off now than in 2008 simply because we took advantage of discounted mutual funds. We also bought some individual stock.

We were able to buy shares of our target date mutual funds at half price in my 401k and our Roth IRA. Those have more than bounced back for us.

Our Scottrade account has just recently broken even since we did not time those individual stock buys very well, but we do own a bunch of solid stocks that pay great dividends now…stocks we weren’t able to afford before the crash.

Since we are “new” (less than 5 years) to long-term investing, the crash helped.

We just have to hope the market doesn’t have a huge crash in 20-25 years…we’ll have less in the market by then, but it would still hurt our early retirement plans.