After a 40 percent meltdown during 2008 followed by another 25 percent plunge in prices through March, the stock market finally seems to be getting its footing back. As of this writing, stocks have gained back all they lost in 2009, and are starting to make headway gaining back the losses from 2008. Upbeat reports on manufacturing, construction and consumer spending are adding to hopes of an economic recovery. After the heartbreak of 2008, says five-time book author and fee-only independent financial advisor Richard A. Ferri, the market rebound over the last three months is encouraging.

Troy, MI (PRWEB) June 17, 2009 -- After a 40 percent meltdown during 2008 followed by another 25 percent plunge in prices through March, the stock market finally seems to be getting its footing back. As of this writing, stocks have gained back all they lost in 2009, and are starting to make headway gaining back the losses from 2008. Upbeat reports on manufacturing, construction and consumer spending are adding to hopes of an economic recovery. After the heartbreak of 2008, says five-time book author and fee-only independent financial advisor Richard A. Ferri, the market rebound over the last three months is encouraging. "A growing sense of economic optimism has boosted the market from its historic sell off. If you sold stocks or stock mutual funds over the past year because your portfolio was hemorrhaging money and you wanted to stop the bleeding, the bleeding might well be over," said Ferri, the Chartered Financial Advisor (CFA®) who as founder and CEO runs Troy, Mich-based Portfolio Solutions, LLC. "Now you have two important decisions: When do you get back in, and how do you do it?"    

According to Ferri, investors have two basic options. They can dive straight back in now with the entire amount that they want to have in stocks over the long-term. This method is advisable for anyone who was lucky enough to have sold at higher prices than the point they are reentering. Ferri points out that there is no ideal time to get back in, and it is foolish to think that investors can time the market. Just get back in with a full allocation and be grateful for savings made during the decline.

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