...I’m betting the next 12 months are going to get brutal.
They might very well do just that. If so, for buy and hold investors, it’ll be some good opportunities to jump in and buy as much as one can.
I watched otherwise intelligent people, sell in ‘09 at near bottom. Had other income to cover expenses but just panicked. One bought gold at a then, high. Same guy is 60+ and running debt to the point his retire plans are delayed.
Yep. I watched people panic last March too; they watched as their portfolio value continued to decrease and it scared em’ (even though the number of shares they owned didn’t decrease at all) so they sold and cashed in...and got their asses handed to em’ in the process. If they’d just hung in there, when it came back (like it did) they wouldn’t have lost a dime.
