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One couple's rationale for getting into the market

How the Chessers of Des Moines, Iowa, who exited the market in the downturn of 2008 and reentered in 2010, have changed their approach to investing. 

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When the stock market started its downward spiral in 2008, John and Lori Chesser balked at risking any more money. Longtime active investors, they had dodged the dot-com bust of the early 2000s by avoiding Internet-related stocks altogether. "In 2008, everybody got killed," says Mr. Chesser.

So starting in November 2008, the Chessers – he's a technology consultant, she an attorney – stopped buying. They continued to contribute to their retirement account, Ms. Chesser's self-directed 401(k) plan at work. But until they could see a clear direction forward, they channeled their dollars to a money market fund.

"We took a vacation from buying anything" – or selling anything, says Mr. Chesser.


Many Americans took bolder action, quitting Wall Street altogether. In April 2007, 65 percent of Americans surveyed by Gallup reported that they owned stocks either individually or through a mutual fund, a near record high since the polling firm began asking the question in 1999. In April 2012, 53 percent said they owned stocks – a record low.


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