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Many people were prudent blue-chip investors whose retirement was ruined by the housing crisis. There doesn't seem to be any 'smart money', just 'big money'.
by quxpar 6y ago
Many people were prudent blue-chip investors whose retirement was ruined by the housing crisis. There doesn't seem to be any 'smart money', just 'big money'.
- sokoloff 6y agoBlue chips were down around 40% in 2008. If you left your money in, you were back even by 2012. Even if you were slowly withdrawing some starting in December 2008 (the worst of it), you were even by 2013. I have no doubt there exists someone who was ruined by 2008, but most prudent blue chip investors were not.