-
There is a ‘right thing’ to do when the market tanks
I came across a statistic so surprising it was hard to believe: During the recent market downturn, according to Fidelity Investments, approximately 15% of investors sold all of their stock holdings. And among investors age 65 and older, nearly a third sold all their stock market investments. It was a discouraging figure, meaning that large numbers of people had picked exactly the wrong time to abandon their investments. Fortunately, the figures were corrected a few days later. The actual numbers turned out to be far smaller. That’s good news since the stock market recovery, like the downturn itself, was the fastest ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jun 29, 2020 12:23pm Jun 29, 2020 12:23pm
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments
- Comment #2
- Quote
- Jun 29, 2020 2:06pm Jun 29, 2020 2:06pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #3
- Quote
- Jun 29, 2020 2:07pm Jun 29, 2020 2:07pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #4
- Quote
- Jun 29, 2020 2:53pm Jun 29, 2020 2:53pm
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments
- Comment #5
- Quote
- Jun 29, 2020 3:01pm Jun 29, 2020 3:01pm
- OutThere
- Joined Aug 2018 | Status: Member | 932 Comments
- Comment #6
- Quote
- Jun 29, 2020 3:01pm Jun 29, 2020 3:01pm
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments
- Comment #7
- Quote
- Jun 29, 2020 3:04pm Jun 29, 2020 3:04pm
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments
- Comment #8
- Quote
- Jun 29, 2020 3:10pm Jun 29, 2020 3:10pm
- OutThere
- Joined Aug 2018 | Status: Member | 932 Comments
- Comment #9
- Quote
- Jun 29, 2020 3:26pm Jun 29, 2020 3:26pm
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments