Re:Trading halted as U.S. stocks plummet
by maerF0x0 on Monday March 09, 2020 @02:34PM
(#22528211)
IMO this is a sort of gamblers ruin that happens in the markets. If you can wait long enough you usually will see a positive return (across well indexed purchases) . However, often times you need the money sooner. This could be because that money was actually for a major purchase (like a home) or because a recession means you lose your job and are on the brink of financial disaster (meaning you have to sell out at lower than cost).
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Re:Trading halted as U.S. stocks plummet
by greenshackle2 on Monday March 09, 2020 @04:22PM
(#22529338)
Buying a house is not like losing your job, you're not supposed to put all your money in risky investments if you know you're going to need it in less than 5 years (for retirement, to go on extended unpaid leave, to buy a house, etc.).
But even for longer time horizons, I think the common wisdom that stocks are low risk over a long planning horizon is overblown: https://web.archive.org/web/20170911171611/http://www.norsta...