Talking Stocks 2.0
At the peak of the 2008 financial crisis, I put more money into the stock market, including bank stocks. My neighbor (at that time) sold everything for a huge loss. I vividly remember him telling me how much of a mistake I was making. He was even mocking and making fun of me at a neighborhood party. I wasn’t really happy about it and just kept my mouth shut.
Today, I’m the one who retired at 60. I’m the one with a big fancy home on a lake front property. He’s still working and likely will be until his 70s. So that’s that.
But even as far back as 2009 and 2010, it was obvious I made the right decision. No doubt that those who stood their ground and bought more stock did better than those that sold everything for a loss.
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