My company retirement accounts, despite what I thought was a relatively conservative mix, were down close to 35% in early March from the fall of 2007. That, in turn, forced me to do some painful thinking about how much risk I can stomach on my family’s behalf, and how much money we can expect to have in retirement… The stock-market crash — world-wide, equities were down 60% at their March 9 low — has forced millions of Americans to go through this same reckoning. Some couldn’t take the brutal drop and sold off all their stocks. Others have shrugged off their losses and are hanging on. Toughing it out could turn out to be very smart if markets continue recovering, as they’ve done in the past couple of months.
By Neal Templin, May 21, 2009, WSJ

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