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Personal Finance and Investing

safeinOhio

(35,157 posts)

8. Same here.

Reply to question everything (Original post)

Fri Feb 28, 2020, 02:24 PM

Feb 2020

In 1987 I had a nice account and my buddy I was sharing a house with had got $100K insurance settlement. He invested in the highest paying fund he found, about 17%/year increase. He panicked and sold it, lost about $60K. I let mine ride and in a year or two got it all back and it kept going up.

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Don't panic [View all] question everything Feb 2020 OP

"Never sit around discussing things rationally when the situation calls for panic"-George brewens Feb 2020 #1

Note that each of your market drops was progressively worse than the last. empedocles Feb 2020 #2

Amount, not percentage question everything Feb 2020 #5

Big pic, each drop from a general investment perspective, was worse than the last. empedocles Feb 2020 #7

Thank you Delphinus Feb 2020 #3

If you have a long time horizon, that is sound advice... Moostache Feb 2020 #4

Agree. And there is adequate amount of cash in our taxable account question everything Feb 2020 #6

Same here. safeinOhio Feb 2020 #8

.. question everything Feb 2020 #9

I use my dividends for income in my old age, but safeinOhio Feb 2020 #10

Events like this are why it is a good idea to keep some cash A HERETIC I AM Feb 2020 #11

A good plunge is an opportunity to do some trimming and pruning with reduced cap gains progree Feb 2020 #12

Perfect! A HERETIC I AM Feb 2020 #13

True. I wish it was all in IRAs (prefereably Roths) so I don't have to worry about tax implications progree Feb 2020 #15

On the inheritance - I was lucky, my parents both believed in equities because of its vastly vastly progree Feb 2020 #16

And... in praise of our 50-50 stock bonds question everything Feb 2020 #14