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Monday, December 1, 2008 12:00 AM

I bought stocks; my husband bought CDs. Now I can't bear to look

I can't get up the nerve to tell my husband just how much money we've lost.

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  • Sunday, November 30, 2008 08:08 PM

    Lots of Good Advice Here

    About the market likely rebounding, and then some, before those 25 years have passed, so I have naught to add to that.

    However, my own financial adviser told me--when I called her, freaking out, a couple of weeks ago--was exactly what you are already doing (after she helped me re-arrange my portfolio a bit):

    "Don't open your statements until at least 2011."

    She also left me with a great quote by Warren Buffett:

    "Be greedy when people are fearful, and fearful when people are greedy."

    You're buying stuff at fire sale prices right now. Buy low, sell high: this is what "buying low" feels like.

    Relax and have a glass of wine. It'll be OK.

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