Posted byon April 16, 2009
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It wasn’t long ago that we were feeling the pains of a plummeting stock market. While it was hard to watch tens of thousands of dollars disappear from our accounts on what seemed like a daily basis, I kept reminding myself and everyone around me to stay put. We’re in it for the long term.
It finally paid off! March 2009 Was a Perfect Example of Why You Shouldn’t Try to Time the Market is an excellent visual that reinforces why we don’t want to move in and out of the market.
I’m just hoping that all of you stuck with your overall investment plan and didn’t miss out on the rally! This won’t be the last decline and it won’t be the last rally, so it’s important to secure an asset allocation that you feel comfortable with in any kind of market and stick to it!
It’s also a good time to do a check-up on your portfolio and rebalance if you’ve gotten away from your desired asset allocation. I know that’s on my to do list now that tax season is over!