Don't panic [View all]

Don't rush to sell. And if buying do consider the usual reasons.

We did not panic in 1987, not in 2002, not in 2008. In 1987 and 2002 while still working we actually bought shares of new companies.

For many years we held IRA accounts with Dodge and Cox Stock until recently when we consolidates all our retirement accounts.

In July 2007 it reached a peak of $167 a share. In March 2009 it was.. $59. But we held tight. It did not reach that level again until 2013 but kept paying dividends and distributed capital gains.

So we are sitting tight now.