Quote:
Originally Posted by Bearcat
My financial guy pulled money out of stocks and into less risky places at basically the low point at the end of October.... and of course now or even a couple weeks ago it seemed dumb to just move back and forth, especially with all the speculation right now.
I might fire my financial guy.
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Ouch, that hurts. The markets turn on a dime, and you never know when the rally's going to hit. And if you miss it after absorbing the downside, it's painful.
My wife hired some paid advisors a few years back, and they did the same thing in 2020. I protested, but honestly it was kind of a muted protest given how bad the market was for a few months there. There was a month or two when I was wondering if the market was going to drop 80 percent before it stopped bleeding. It was her account so I'm not sure when they got her back into the market and how it turned out, but I can't imagine that they timed it perfectly in that weird time period, so I'm sure it ended up costing us some money in the long run.
I guess it made us feel a little better at the time that we weren't going to become paupers, so I'll admit that. But I was still protesting.