Nothing.

Nothing unusual anyway.

We do not give personal finance advice. We like the diehards, if you're looking for someone who does.

But we don't mind reminding people of the basics during a crisis:

- Don't own stocks with money you'll need in the next three years.

- If you're not going to use the money for three years, then don't worry. Markets go way up and way down. Overall, though, they go up.

- Investors who panic at times like this and sell or switch assets classes (moving, say, from stocks to bonds or to cash), are generally the investors who lose the most money. Just leave what you've got where you've got it. Rebalance only once a year or so.

- I, for one, am thrilled that I dollar-cost average. It means I know that I will, automatically, buy a lot of stock at a discount on crazy weeks like this.

- Mostly, I remind myself, over the long term, any one day is just noise.

categories: Wall Street

6:49 - September 16, 2008

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