Most working Americans have 401k accounts. I panicked in 2008 and made major changes after that crash. Should have sat tight and rode the market back up. Plan to do that this time.
“Most working Americans have 401k accounts. I panicked in 2008 and made major changes after that crash. Should have sat tight and rode the market back up. Plan to do that this time.”
Good advice, I will be doing the same. If I can scrap any money together, I will be looking to buy stocks of solid companies at the bottom.
I made the mistake and did not buy in when it was down.
Sitting tight is one thing. Selling early and buying back in when it has bottomed out is another
same here.
I would never ever give anyone that advise.
This is why smart long-term investors don't read financial stories in the news. Why would you ever make long-term decisions based on short-term changes in the market?
Same. Not falling for it again.