“Generation X walks fine line between fear, necessity of investing“: Michelle Melendez reports for the Houston Chronicle. Much has been written about how the stock market tumble has hurt retirees and baby boomers, but now you can read about how it has impacted Gen X’rs as well. The article points out how in the long run, Gen X’rs could really stand to gain. The article quotes Dallas Salisbury, president and chief executive officer of the Washington-based Employee Benefit Research Institute which published a Retirement Confidence Survey, as stating:
As a practical matter for anybody that is young, meaning anybody not yet ready to retire, the best thing in the world is for the markets to be lousy year after year after year, so that your dollar-cost average and your 401(k) assets are at the lowest possible purchase prices.