Sunday, January 12, 2003
DOW 8800
Well, it's been a rough year for investments... or a very good year to make investments (a bad year for reaping). I'm of the dollar cost-averaging school of investing. Putting the same amount away every month, in the same funds (with appropriate diversification) so that when prices are down I buy a larger quantity and when prices rise I buy lesser quantities. Right now, the outlook seems to be that the DOW won't be hitting 10,000 again for 2-4 years -- which means we're in for a long period of sideways movement in the stock market. (Which is actually what I expected to happen since about 2 years ago.) I lost around 17-20% of my portfolio value this year, but the major indexes fared worse... so I'm not too terribly upset. So, we'll see where the market is in 2-4 years - in the meantime, I'm going to be slowly socking away money for retirement, slowly and steadily.
posted by Wuphon's at 8:38 PM
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