Ryan
Oct 10th, 2008
Oct 10th, 2008
It’s One Thing to Have a Plan; a Whole Other to Follow it
Planning isn’t just for emergencies; it’s also for your investing. One of the most important things to remember in investing is not to just have a plan, but to follow it.
Times like these, when the stock markets are in bear market mode, are the times to remember to follow your plan. I’m seeing more and more of my personal finance blogger colleagues worrying that they’re throwing good money after bad and considering switching their asset allocations dramatically. If your plan was sound when you made it, follow it! Also consider this: one year ago, when the markets were right around their all time high, was it a better or worse time to buy stocks than right now?
Food for thought.
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