I've lost 2.5% of my "paper wealth" in last two days. So take this advice with a grain of salt.
But here is a Mutual Fund that if you can possibly get it, you need to........but wait till the bottom hits. FBIOX.
I sold it 11/2012 for $90 cause I was afraid of the government shutdown deal. Sigh. It was at $206 just the other day. With the downturn, it's below $200. It has skyrocketed for years, and I bet it does again. I failed to buy it then...........I failed to buy it at $155 because I thought that was too high....... I failed to buy it at $190........and now I don't own any. But if things go south, and the price goes considerably lower, BUY IT. Remember, you heard it here first... And if you can't get that Fund, get RYOIX. I bought in on that at $43.88 and it's still at $69.82 even with last two days losses.
For 'verification'...........I bought Wendy's stock at $7.89..................and sold it the other day when it was skyrocketing, at $9.185......it hit $9.22 but I couldn't catch it at that. It's back down to $8.88.
That is all. Warren Buffett signing off.