Sunday, November 2, 2008

Stock Market Roller Coaster

I heard a great quote from Dave Ramsey, a financial adviser that I respect. In talking about the current market and in answer to a question about getting out of the stock market now that it is way, way down he said:

"You don't get hurt on a roller coaster if you don't jump off."

I can't say that we are at the bottom of the stock market plunge but the stock market has always come back - so if you are a long term investor (more than 5 years) you need to grit your teeth, look the other way, and go do something you enjoy doing. The stock market will take care of itself, over the long term.

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