Talk of The Villages Florida - View Single Post - Why pay a broker when they have no skin in the game?
Thread: Why pay a broker when they have no skin in the game?
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Old 09-10-2024, 08:17 AM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by Rainger99 View Post
Did anyone’s financial advisor tell them to get into cash just before the 1987 crash or the 2007/2008 crash?

A lot of my professionally managed mutual funds and my 401(k) lost a lot of money in 2007/2008!
Nobody can time the market on a regular basis. Many people panic when the market suddenly tanks and pulls all their money back leaving them no chance to get it back.