It has been tough for the buy and hold people over the past few months as their portfolios have taken a nosedive south.

If you read or listen to the financial media, you hear nothing but negative stories and hedge funds having to pay out to investors panicing since they lost money. My wife asks me if this is what it was like during the bank runs of the 20's and 30's (like I am that old).

I am a buy and hold investor. I own 11 Index ETF's and I hold them for the long term. I haven't sold anything during this panic and will continue to do what I have done for the past few years. At the end of every month, continue to dollar cost average into a position.

It is important to come up with a asset allocation and stick with it. Mine is 70 percent equity (50 percent of which is us and 50 percent is international) and 30 percent bonds (mostly short term and intermediate us treasuries with some tips). Disclosure: Portolio came from fundadvice.com

I can sleep at night with this portolio and will continue to add to my positions every month no matter what the market does.

If you can't sleep at night during all of this panic, you probably have too much risk and need to redefine your asset allocation.

Things will probably get better and things will probably get worse for us as we are in the accumulation stage. But if we stay the course and continue to add to our positions and rebalance when needed, we should be better off in the long run.

Remember....Stay the Course and avoid CNBC and other investment porn.