After the market dropped, I just bought some more. Hope that was a good idea!
Well, it was a great idea during the Great Recession 2007-2009 or so.
It was a hard thing to see because my 401K dropped by almost 70 PERCENT during the worst of it...
Other people (including some here) were panicking, and more than a few sold, thus absolutely locking in a loss with no chance of recovery. Panicky monkeys were convinced that it was game over, America was falling, all we'd know from here on out would be poverty, starvation, etc., etc. You know, all the talking points for the Howler Monkeys of Doom...
Those of us who held on, kept with a strategy that didn't involve losing our marbles, recovered.
I know for me the rewards of doing so were absolutely MASSIVE.
By 2012 I had recovered everything I had "lost." By the end of 2017?