Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

4 of 7
Waiting out the downside
Name: Gerald Ray Bruce
Age: 76
Hometown: Kingston, Okla.

I wanted to jump out of the market as soon as it started to slide, but my best advisor said "wait out the downside until you feel it's getting close to the bottom and then buy, buy, buy." I bought some as the market was falling, some when the market bottomed and some when it started to rise again.

I had lost 65% of my portfolio by March 2009, but have since gained back more than half of that. I also bought more as the market started to recover. My greatest losses were in Citigroup, Alcatel-Lucent, Level 3 Communications and Fannie Mae. El Paso, Motorola, Ford Motor and Bank of America pulled me back up.

One year later, my total portfolio is nearly 10% higher.

NEXT: Staying the course
Last updated September 14 2009: 2:51 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Driving the ultimate in '50s Mercedes-Benz style The SC was the car that re-introduced Mercedes-Benz as a global luxury car icon. More
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
Your guide to Cyber Monday sales This year, more Cyber Monday sales than ever start well before Monday. Here's where to shop if you don't get your fill on Black Friday. More

Special Offer