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Last 20 years we had 2 times when the market fell in half, and if you are retired to recover from 50% loss, you'll need a 100% gain... why lose money when you c
by SirLJ 9y ago
Last 20 years we had 2 times when the market fell in half, and if you are retired to recover from 50% loss, you'll need a 100% gain... why lose money when you can make a killing on the way down? In Japan, the second strongest economy at the time they are still half way down from the top with no recovery in sight and a lot of retirees loosing their savings in the process of "buy and hope trading strategy"
- stouset 9y agoBecause any such strategy to make a killing when the market goes down by 50% either requires advance knowledge of this event, or runs the risk of misfiring when the market recovers earlier than expected, forcing you to double down and hope for another crash or buying back in at a loss.
- SirLJ 9y agoNo advanced knowledge needed, just follow the trend in up or down markets...