Have my investments in index funds. My one for my 401k is closely tied to the S&P. I'm down around 1600 since last week, do I change my fund or stay? I've read in a Tony Robbins book, you should stay even when it's tough and keep buying into it.

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Bro. You’re not down jack shit. Most mid- late career consultants invested in tech have lost hundreds of thousands of dollars the last few weeks.

Just don’t touch your portfolio. Don’t even look at it. Set an alarm to check it every 4 months and forget about it.

likesmart

You’re probably 30+ yrs form retirement. This week is frustrating, but doesn’t matter. It will go up and down, and that’s how averages work. And on average, the market goes up 7%, including massive dips.

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Repeating for emphasis:

Hold. Do not sell. Keep buying as normal. You’re in this until retirement age which I’m guessing is at least 30 years away for you.

If you want proof, look at where the S&P 500 was 30 years ago compared to now: would you have wanted to sell on a random down week (and so far this is a totally normal periodic dip when we’re talking about the market as a whole), or would you have been better off selling the S&P index fund and buying a random assortment of whatever the “hot” companies were at that time? Remember that 30 years ago was 1991 ....

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You buy when the market goes up and when it goes down.

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Dollar cost average our way into retirement. Stay consistent and on target!

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When markets are down I always increase my holdings. That why my money goes further and when the prices go back up, I see more earnings

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Appreciate the tips friends. I wasn't planning to touch, but the confirmation helps.

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