Monday, August 5, 2024

Market

I remember clearly the stock market crash of 1987 when the Dow dropped 22% in one day and many people made the mistake of taking the loss and got out. Experts always say the market should be a long term investment and those who stayed in found the market back to normal in 2 years. These past two days the market fell 6% and the best advice is to ride it out. If you are within five years of a planned retirement you should have not been in the market. For others just be patient. Interesting enough those who had agents stayed more than those who did not.

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