Yes, March 2020 was a nosedive. Investors who stayed the course have been rewarded.
I don't know if I told this story here. I had a co worker panic and sell all of his stock mutual funds in his 401k in March/April of 2020. He didn't buy back in until last summer. He won't say how much he lost. My account was -33% YTD at the bottom. I didn't sell and finished 2020 at +20%. If I use my numbers with his balance, he threw away 300k. It's going to be a rough year
Daddy always said "If you are going to be dumb then you need to be tough".
So very true. He's an arrogant lib who thinks he's smarter than everyone there. Stupid is as stupid does.
