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re: anybody worried about stock market going down tomorrow
Posted on 2/22/20 at 7:26 am to UpstairsComputer
Posted on 2/22/20 at 7:26 am to UpstairsComputer
[link=(by why not have an exit plan an make it 12-18 months?)]by why not have an exit plan an make it 12-18 months?[/link]
Because you can't predict the future and time the market. If I had an exit plan 12-18 months before every resession I wouldn't be working today.
Because you can't predict the future and time the market. If I had an exit plan 12-18 months before every resession I wouldn't be working today.
Posted on 2/22/20 at 8:02 am to tigersfan1989
What are you talking about? Nobody said anything about timing a recession 12-18 months out.
It may seem a bit complicated for your strategy of ‘I’ll just buy more soon’ but there are other ways to do it that don’t involve 35-50% drawdowns multiple times in a working career.
Your way is fine though if it works for you. My point, repeatedly, has been *most* people can’t successfully navigate these drawdowns by sitting on their hands and not get hurt in the process. Good for you if you can, but scoffing at people who are questioning the narrative isn’t helpful.
It may seem a bit complicated for your strategy of ‘I’ll just buy more soon’ but there are other ways to do it that don’t involve 35-50% drawdowns multiple times in a working career.
Your way is fine though if it works for you. My point, repeatedly, has been *most* people can’t successfully navigate these drawdowns by sitting on their hands and not get hurt in the process. Good for you if you can, but scoffing at people who are questioning the narrative isn’t helpful.
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