Dollar cost averaging in bad economic times [investment tips]

I know how disheartening it can be when you log into your 401k account and see how much money you have lost in these hard times. One of my accounts has lost almost 40%. I try to console myself with the thought that I'm in it for the long haul, however it still hurts to look at it.

So when times are rough, it's a good time to think of dollar cost averaging to help assuage the negative thoughts of loss. Keep investing in your 401k no matter what. When stocks and funds take a dive, you can essentially buy more shares for your dollar. You'll see a greater payoff in the future because of this.

I actually upped my 401k contribution by 2 percentage points to take advantage of the low cost of investing right now.

Just see, it'll pay off in the future.

Dollar Cost Averaging [wikipedia]