LogFAQs > #984596910

Kuuko posted...

If you aren't planning a big purchase soon then there's no reason to sell. The very basic premise of investing is buy low sell high. And yet every time there's a drop people panic and sell low. Some people say they'll sell now and buy lower, but there's no way to predict where the lows are and you're more likely to just miss the rise back up later. People who stayed invested through the 2008-2009 crisis had all their money back within a couple years. People who sold during the panic in large part missed the rise back up.

Thank you. This is the right idea. Average down opportunities. I sold some of my growth a few months ago. I'm sitting on cash ready to buy back in at a discount.

Edit:

aarrgus posted...

Also known as a massive transfer of wealth from the poor and middle class to the wealthy.

Those with disposable cash on hand will get richer. Those with 401ks will have to endure until (hopefully) a recovery to break even.

I'm not particularly wealthy. I'm looking for work. But anyone could see this coming. Trump announced it in his election process. Many thought he was joking. I did not.