Asked a buddy who is a financial advisor: “How many of your clients sold everything at the bottom during the panic this spring?” Number was 2 couples. He said they shared one thing: Both couples are retired and watch cable news all day long every day.
-
-
Replying to @mgirdley
I sold 50% of my equity holdings on May 1st and according to vanguard what I have remaining has earned me a 0.5% negative return since I started investing in 2016, so I guess I need to watch less cable news.
3 replies 0 retweets 2 likes -
Replying to @Molson_Hart @mgirdley
William Retweeted William
William added,
William @cowboyInNYI remember in 2001, a coworker told me he stopped contributing to 401k. I asked why. He said, "you would assume you should have seen a bigger number when you keep adding money to something, but it has been getting smaller." https://twitter.com/jmysct0/status/1240253119948304384 …1 reply 0 retweets 1 like
Replying to @cowboyInNY @mgirdley
It's early, but if we're only up from here this will be a singular event in financial history. Never before will we have seen such a huge economic event so irrelevant to the markets. IMVHO, no way this market lasts through September. Unless they make it fucking rain money...
7:58 AM - 18 Jun 2020
0 replies
0 retweets
3 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.