So, my first investment appeared to be a disaster – I put my life’s savings ($1000!) in a mutual fund a few weeks before the infamous ‘Black Friday’ crash (early 80s?) and I watched a couple hundred bucks evaporate.

I was in it for the long haul, though, and let the money ride. Today that fund is worth $30,000. I have never, ever timed the market: every time I’ve tried, I’ve lost money. Everything I’ve put – and left – in the stock market has returned wonderfully, despite dips, crashes, recessions, booms and busts. So, I’m not jumping on the panic bandwagon, even as I watch my portfolio shrink… recession is a state of mind, and I’ve been there…

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