Quote:
Originally Posted by piratfisk
Ugh, this made my heart hurt. I can't imagine a wealth management team member/investor/advisor telling his/her clients to sell when the market is at the bottom. And, forgive me if this following statement is perceived as privileged, but what absolute goon is going to listen to someone that says "your dollar today is worth less than what it was yesterday, let's sell your assets so we solidify that it really is worth less" instead of roller coaster metaphor? I haven't been wrong today yet, but I'm of the mentality that you never truly "win" or "lose" until you stop playing the game... You never realize your gains until you cash out, you never realize your losses 'til you sell at the bottom...
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Agreed. Investing is a roller coaster and the only ones who get hurt are the ones that jump off. The s&p recovered in 4 years from the 2009 bottom and now look where it’s at.