isn’t the right way to approach this market,” says Maitland. “You have to have a long-term objective to win…I would encourage people to continue dollar-cost-averaging in this marketplace because this is the third down year in the stock market, and stock values are more reasonable now than they’ve been in three years.”
Perhaps the most prudent advice comes from Nofsinger, who says investors should concentrate on capital preservation in this market. “Invest not to lose,” he warns, even encouraging investors to look outside the stock market. “Try short-term bonds, Treasury bonds, and bank accounts. Right now, the risk of losing money outweighs the potential gains.” No one ever said war or rebuilding efforts were easy.