I assume this is all a major test.
I don't believe in bonds or bond funds for a person my age or in my particular personal circumstances--I have ten years until retirement and I'm way behind when it comes to fund accrual. Better to keep buying when the market is down because it is bound to come back up and I will be glad I bought my fund shares at historic lows--that's what I tell myself.
I walk my talk--I continue to put $1025 a month into index and growth funds. Right now, I'm invested in Vanguard's S & P 500 fund, Total Stock Index fund, and the European Market Index fund. In addition, I hold funds in Ariel Appreciation, American Century Equity Income and Calvert Social Investment.
Overall, I'm down 17% which, when I allow myself to think about it, scares me to death. I started this blog last July with $176,000 in retirement savings. Now I'm down to $146,000, notwithstanding the money I keep putting in.
For all that I admire Dave Ramsey, he is so wrong about what's happening in the economy. We absolutely ARE in a recession, and I don't get why he can't admit that--I suspect it's due to his conservative/Republican politics.
My mantra is to keep doing what I'm doing--put money in regularly, assume that it will all even out in another couple of years, and DON'T PANIC.
I believe that, but for all my pep talks to myself, it is still darn hard to watch the funds dwindle.
When do I find out if I passed the test?