3/29/08 - Should you sell your stocks at this time?

You should not panic and sell your stocks. Soon it will be a good time to actually buy some more. If you sell now then you will miss the time when it goes back up, since no one can tell when it will go up again.

You just have to wait for stocks to hit the bottom then it will be time to buy.

Should I buy individual stocks or mutual funds?

Individual stocks are for traders. If you are an investor for the long run you should just buy an indexed mutual fund like S&P 500 or Total Stock Market mutual fund and add to it when you have money to invest, then sit back and enjoy life. Do not buy individual stoks if are not monitoring your stock all the time the stock market is open, since at any time you stock could crash and if you are not monitering it at that second yu might be too late to sell.