And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.
And if I’m wrong and everyone is actually doing it, how is it sustainable in the long run? I mean, we can’t all be millionaires.
I’m definitely number 2. It takes a lot of effort to not sell shares after they go down even if it’s been years.
If you are currently in the process of saving instead of withdrawing in retirement, then falling stock prices are just buying opportunities. If the grocery store puts eggs on sale, you wouldn’t fret that the eggs currently in your fridge aren’t worth as much.
When you think of it that way, it gets a lot easier to hang on after a crash, and you might start looking for ways to buy even more at bargain prices.