Diversification work for you?
i feel a bit more comfortable posting here... but i wanted to get a feel for how folks have weathered the year-long market corrections... just went through the figures, and it looks like diversification works! have only taken a 2 percent hit in my diversified holdings/accounts vs the wife unit's stock-based accounts (which suffered a 10 percent decline)...
my retirement horizon is still out nearly 20 years, but the mix we have for our age is (50/30/10/10: stocks/bonds, real estate, insurance, cash); within that mix my holdings were 9/35/56 short-term, bonds, stocks, while the wife unit's were 84/16 stocks, short-term...
in fact, with the last two months i've made a determined effort to increase savings (cash, indexed funds in tax-free account, i.e. ROTH IRA)... my personal feeling is that this correction offers an opportunity for some folks to make up a tad for the past 10 years... (market was at a 5,000 Dow when i first got started - really, really, really wished i had started earlier)...
hope everyone else is doing OK - i guess my advice would be: "Don't panic."
:-)