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Re:Trading halted as U.S. stocks plummet by thedance on Monday March 09, 2020 @01:51PM (#22527708)
This advice is both common and crazy. Each individual does not live the average life. Being able to recognize once-in-a-lifetime events, and act on them, is a rational strategy, even if it seems like it is not the optimal strategy for the perfectly spherical portfolio belonging to a person with infinite lifetime.
Re:Trading halted as U.S. stocks plummet by axaxs on Monday March 09, 2020 @02:07PM (#22527902)
I agree with this. I'd never touched my 401k until now, well, a few weeks ago. Anyone who couldn't see that this virus was a world-changing event wasn't paying attention. I did 'time' my way out of the market, but not so much back in. Even if I miss some gains, I just want things to stabilize some before going back in long.
Re:Trading halted as U.S. stocks plummet by jfengel on Monday March 09, 2020 @03:34PM (#22528881)
I'm not sure it is possible to rationally recognize once-in-a-lifetime events, since by definition you've never seen them before and don't know how they'll play out.
Re:Trading halted as U.S. stocks plummet by anm89 on Monday March 09, 2020 @04:01PM (#22529150)
Well said.