How did the bear market of '07-08 affect you?
Did you lose big, or sell right before the fall? Did you take advantage of the rebound?
I made money, I had cash so I got it cheap to make money. I am waiting for second crash, get ready, it is coming soon.
My investment goals are very long term, so I left it all in even though I knew the bottom would drop at some point. In retrospect, I'm satisfied with my decision, as I've recovered 100% and then some. My only regret was cutting back on my contributions during the aftermath.
As long as you are not close to retiring, you have to ride out those bears. the stock market always seems to make a comeback in the longrun. it's the upcoming retirees who got most hurt by their 401k's dropping.
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