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If your above assertion is correct, what should Joe 401k do to best weather the pending storm? Presumably buy and hold still rings true as A Random Walk Down W
by shostack 8y ago
If your above assertion is correct, what should Joe 401k do to best weather the pending storm?
Presumably buy and hold still rings true as A Random Walk Down Wallstreet shows us that ultimately, it's just best to ride it out without selling.
- apo 8y ago...it's just best to ride it out without selling. Maybe, but psychology will work against you. Would you be comfortable sitting on a 70% loss of your life savings with no end in sight? If so, buy and hold might work. It doesn't for most people.
- alexgmcm 8y agoIt's not a loss until you sell.