09-26-2021, 11:08 AM
in a strange twist the down markets is when the real money is made--either because still in the accumulation phase or a decent amount of cash sitting on the sidelines, maybe both--or one is just a high income earner with money to spare.
time in the market trumps almost everything
during the great recession lost 50% plus....went from 212k-214k to 104k....kept buying didn't look just kept buying even though all my friends kept telling me to sell
February 2020 broke 1mil in investments during the pandemic went down 749k-ish did the same thing kept buying even though a good friend begged me to sell--i said you learned nothing since the great recession? i said buy!! don't sell!! the pandemic was a devastating year for many people, including myself, but it was good, really good financially.
time in the market trumps almost everything
during the great recession lost 50% plus....went from 212k-214k to 104k....kept buying didn't look just kept buying even though all my friends kept telling me to sell
February 2020 broke 1mil in investments during the pandemic went down 749k-ish did the same thing kept buying even though a good friend begged me to sell--i said you learned nothing since the great recession? i said buy!! don't sell!! the pandemic was a devastating year for many people, including myself, but it was good, really good financially.