16 of 21
BACK NEXT
16. Buy low - the chicken way
Okay, so you're convinced that the genius move is to suck it up, buy beat-up financials or blue chips and ride them back up. But how are you going to feel if you go all in just before the Dow sinks another 1,000 points?

If you'd rather not find out, there's a chicken way to be gutsy: Enroll in an automatic investing program through a mutual fund or a brokerage. You have to be brave only once - when you sign up - and after that the machinery takes over, steadily investing a few hundred or thousand at a time. Setting up the plan is a matter of a phone call or a few clicks on your financial institution's Web site.

One caveat: The commissions on stocks or exchange-traded funds will eat up small investments, so stick with no-load mutual funds like T. Rowe Price Blue-Chip Growth (800-638-5660, troweprice.com). This Money 70 fund will let you tiptoe into battered blue chips in increments of as little as $50 a month.

NEXT: Rebalance your portfolio

Last updated August 16 2008: 4:37 PM ET
More Galleries
Cars that sold for millions at the Scottsdale auctions These were the highest prices paid for collectible cars -- and a bus -- at the Scottsdale auto auctions. More
The best of SkyMall This catalog is always packed with ridiculous items that we just can't live without. More
Blue collar entrepreneurs These five entrepreneurs took their blue collar experience and used it to launch innovative businesses. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.