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Wednesday, March 18, 2009

Remain Calm

A couple of quick articles from the Personal Finance section of this mornings Wall Street Journal:

Have We Hit the Market Bottom? Should You Care?  We have seen very strong returns over the past six trading days. This may be a signal that we have seen the bottom of the stock market, or it could just be a short-term rally, with worse days ahead.  We agree with Mr. Arends that timing the bottom is virtually impossible and trying is likely to cause more harm than good.  We continue to believe that long-term money currently invested in stocks will see significant appreciation over the next 5 years or more.  

The Do's and Don'ts of Saving for Retirement in a Down Market.  In this article the author surveys several financial planners about how people should act during this turbulent time.  The message is stay calm, stay in touch with your advisor and invest according to long term plans.  Sounds allot like what we have been saying.