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   BBSID: CAPCITY2   
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   RM> I am far from rich but, like most retired people, I have funds   
   RM> invested to augment my pension income, and in the last ONE   
   RM> month the current situation has cost me an estimated   
   RM> $20,000 in the combined drop in value and loss of the   
   RM> average usual profit.   
      
   AA>What about buying when low? Couldn't this dip in the market be   
     >a good time to buy other stocks that are surely to rebound?   
      
   Yes, I just told my main investment place that I will be buying   
   some new shares while the markets are low. He suggested it's a   
   bit of a gamble since they may still drop more, thought maybe I   
   should put it in an interest paying account for a few months until   
   we know more, but that would pay so little I probably wouldn't go   
   for that.   
      
   The thing about funds based on the stock market is that, in general,   
   if you can wait it out, eventually it almost always recovers, and   
   recovers a lot more than it lost if the fund managers are worth what   
   we are paying them.   
      
   In the past (probably 2008) my main investment fund dropped about   
   35% 'suddenly'. I ended up having to sit on that stock for 3 years,   
   but then it came back much stronger making up all the losses plus   
   a very good profit. One of those I originally bought for $5,000   
   and over 35? years I've taken about $7,000 out of that account when   
   I needed extra money and I still have over $70,000 left in it.   
      
   That's why I tell people it's smart to start investing even small   
   amounts early and then when life gets expensive when you are building   
   a family, just ignore it and leave it to grow.   
   ---   
    * SLMR Rob  * I started out with nothing & still have most of it left   
    * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)   
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