Change your perspective! When you see the bear market, you should be dancing. That literally means you'll find great stock at a discount! You should be thinking, "Let me buy as much as I can before they rise!"

The problems investors have, even here, is that they still see gains and losses as real things--which they aren't. It is all imaginary until you sell. Until then, you just own a certain amount of stock. You are in college, I'm assuming this money isn't for the short-term; you're saving for retirement. You shouldn't be looking at the dollar value of your stock right now, you should be looking at the amount of stock you own. It is actually rough times for young investors because we are seeing a strong bull market.

Remember the basic principle of investing: buy low, sell high. Why would you then want the market to be as high as possible when you buy? You should welcome seeing the economy return to 2013 prices so you can buy even more. In 30 years or so, that is when you should be concerned with bear versus bull markets.

When I read 50-year-olds worrying about a pending bear market, it makes sense; they will be retiring soon and would hate to take a hit right before they do. They are at the wealth preservation stage. We are at the wealth generation stage and as such don't care about the current cycle.

Ask yourself this, "Will the market be higher in 30 years than it is today?" If no, don't invest anyway. But all available data supports the hypothesis that it will be higher. Therefore, all you care about is having as much stock at today's market as you can so that you can sell in 30 years for actual gain.

If you can't stomach that, ladder CDs