[Bucketlist2012]

Well said as usual Greg.

I really believe in the averaging in no matter what the market is doing.

For some, they will never open up a personal account, and they will rely on their 401K plan.. Not the best way, but at least they are Investing.

I do recommend putting 15% of your pay into a self directed plan, and taking advantage of any company match that is offered. First you are getting free money from the company, and second, as long as the plan is and investments are directed by the individual, they are continuing to Invest , even in the down markets.

People say how can I Invest 15% ? Well you don't even miss it. Since it comes off the top, you find a way to budget the rest of your money. It is just a way to kind of force people to Invest and dollar cost average.

Now i will say that I personally like a Personal Investment Plan, and only 10% of my money is in a 401K, only because I have the attitude to Invest the other 90% into a personal Investment plan, which i so much prefer over 401K's.

But for those that just won't open an account, at least take advantage of Taking the paycheck money before you get it, and Invest with a company match...Then you will be buying at all times, and every two weeks, no matter what.

But If you have the right attitude, only invest up to the company match and then Invest more into a personal account. But life gets in the way, and bills pop up, and you want car parts,and the Wife and the kids need this or that, so after taxes, your paycheck may get swallowed up..You need to force yourself to Invest no matter what.. Time and Compound interest will reward you..