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A comment on Trading halted as U.S. stocks plummet. Parent comment

Re:Trading halted as U.S. stocks plummet by wincent on Monday March 09, 2020 @01:34PM (#22527473)
> If you haven't already, put your retirement into bonds and hold on.

Are you advising to sell equities right after they've taken a beating? Sounds awfully close to "buy high, sell low".

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Re:Trading halted as U.S. stocks plummet by creaghpatr on Monday March 09, 2020 @01:38PM (#22527524)
Depends on your retirement horizon, but if it's inside of 5 years the investor should have already tamped down the risk profile.
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Re:Trading halted as U.S. stocks plummet by kazinator on Monday March 09, 2020 @01:44PM (#22527596)
Well, "nick checks out", at least. :)
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Re:Trading halted as U.S. stocks plummet by allovernow on Monday March 09, 2020 @01:38PM (#22527526)
If you look at the 100 year history of the DJIA, there's still a LOONG way for it to potentially drop.

It's about minimizing risk. Those with high risk tolerance I would advise to buy now, but be prepared to lose everything. If you're close to retirement you lose nothing by pulling out now.

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Re:Trading halted as U.S. stocks plummet by the_gastropod on Monday March 09, 2020 @01:45PM (#22527619)
> Those with high risk tolerance I would advise to buy now, but be prepared to lose everything. If you're close to retirement you lose nothing by pulling out now.

If your risk tolerance can't handle what's happening, your asset allocation was already wrong. Trying to "fix" that now, as a response to this downturn, would very likely be a mistake.

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