Ag CPA said:

---

Sounds pretty simple in today's dollars, but $500 was a significant chunk of many new-grad's total monthly take-home back in the early 80s, that's like telling someone currently in their early 20s to sock away $5K a month.

---

Yep, hell that would have been challenging for me in 1997.

Quote:

---

Someone else can comment on if this is inaccurate or not, but it's a long game.

---

Why can't I see this strategy - all I get under the above is a gray bar????

I upped my contributions, but if nothing else I'd at least stay steady and DCA. The ride up can be missed too when you get out. I heard a funny analogy recently about riding out a bear market, and it went something along the lines of you don't want to hop out the market mid cycle, the same way you dont want to hop out a rollercoaster mid-ride.

I was already maxing my 401k and IRA, and recently I've upped our monthly contribution to our it taxable investment account and will consider additional lump sum contributions if the market continues to become cheaper. Bear markets are good for buying stocks on sale so you can make real money in a bull market.

Focus on the amount of shares you own rather than the market value.

Nm