Quote:
Originally Posted by l2ridehd
Most people with 100% stocks would have bailed during any big market down turn. So they would have bought high and sold low. A disaster.
|
A couple of days ago I met a well educated, intelligent, worldly, successful 70 year old local real estate developer and Realtor. During the course of our conversation she mentioned she had sold all the stock she had owned during the last market downturn and had put nothing back into the market since. She is only the latest among many who over the past 40 or so years have made this comment to me after one of the downturns since the mid 1970's.