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Badroadrash101 t1_iy89206 wrote

Reply to comment by BoxingRaptor in Too scared to invest...what to do? by NoMoneyAnywhere

When the share value drops in your fund, this is the time to invest more into the fund. The fund will recover and since you bought shares when they were cheap, you will see a greater return when the fund recovers.

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TyrconnellFL t1_iy8edmv wrote

When the share value goes up in your fund, this is also the time to invest more in the fund. It’s going up!

Don’t time the market. Just invest.

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Badroadrash101 t1_iy8hl2s wrote

Agreed. It’s that it is very common to see many investors to panic when their fund declines in value as has happened recently. In 2009-2010, my 401k dropped 60% and my coworkers were absolutely freaking out. I maxed out my contributions and benefited when the market recovered. This is a similar junction and if the OP has the ability to contribute more, then he should do so.

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