based on two recent market corrections: in the 2008 financial crisis, unless you were heavily into real estate related funds, if you panic sold a mixed portfol

based on two recent market corrections: in the 2008 financial crisis, unless you were heavily into real estate related funds, if you panic sold a mixed portfolio of blue-chip stocks / mutual funds / varied ETFs at the low point in the market, you would have lost a significant amount of money. People who held their assets saw recovery to initial value and continued climb by 2012/2013 or so in the spring 2020 big market drop at the start of covid19, same thing. I saw a bunch of mutual fund stuff in my 401k drop significantly in value. If I had sold it in a panic at that time, I'd now be screwed, because not only did it all recover to its pre-covid19 levels by late summer of 2020, but has significantly increased since then.