pucker factor (market, sell, poor, make money)

[mathjak107]

this is an example of those times when you find out investing isnt all about age.

its about the ability to withstand the drop ,the worry,the negative thoughts that this time is different and its not ever coming back.

this is only a small drop in the scheme of things we have seen and if the words maybe i should sell are in your head perhaps you have to re-evaluate your stomach for risk.

this is the times when all your reasoning goes right out the window.

you had those that said to themselves ill watch things and sell if they get worse. they were blindsided by the drop . they never had a chance to even think about what to do so now they think about selling at any price.

if you dont have a plan that allows you to sleep at night then you are doomed to fail. whether your 25 or 65 it doesnt matter if you bail and lose money only to miss the recovery each time this happens.

those that had poor plans and couldnt take the pain they self-inflicted on themselves will now complain how they never make money investing. those that stick to their long term plan have always been rewarded.

hopefully those that were scared off will learn more now about making a plan that works for them.

[CouponJack]

Great points...

Actually times like this and 2008 can be turned into a positive, meaning the market will help each individual determine what their actual risk tolerance is (vs. what you THINK it is.....)

I learned alot from 08-09....that help me prepare for events like the past week....

[mathjak107]

the irony is at the low yesterday we were where we were the winter of 2010. there was no one upset back then that thats where we were. we were all thrilled to be at this level.