Should I worry about this being a bear market?

• Cheer up! For most of you, this bear market is a GOOD thing!

But what if I am a retiree?

• If you are retired and living off of your investments, then a bear market is bad news, that is why you should make sure you have most of your money in bonds and cash in order to weather downturns in the stock market.

I’m still saving for retirement, to send my kids to college, and other goals — why should I welcome this bear market?

• When the stock market is in a down period, every dollar you invest actually buys you more equity so you are getting more value for your investment dollars. You are actually positioning yourself for better returns than when you invest in a bull market!

What is the best way to invest during a bear market?

• Just start putting in a little bit every month. Use a technique called dollar-cost averaging, for example if you invested $1000 from your paychecks each month regardless of how bad the news says the market is you can take advantage of the volatile market to grow your money faster.