I will continue to rely on my financial adviser, who is well trained in such things, and has an arsenal of resources to use within her company to help with my decisions instead of a bunch of people in FR who have never taken an economics course.
“I will continue to rely on my financial adviser”
Not being smart, just wondering, did she see the 2008 crash coming?
“I will continue to rely on my financial adviser, who is well trained in such things, and has an arsenal of resources to use within her company to help with my decisions instead of a bunch of people in FR who have never taken an economics course.”
WTH are you on this thread then, jerk!
At what point does she move you to cash? When you’re down 20%....30%.....80%...? Or is she ready to ride your account all the down to zero? Not trying to be snarky, it’s just that I’ve yet to meet one of those advisors that can satisfactorily answer that question for me.
Dollar hits new low.
Good for you!
There are thousands and thousands of individuals who got so freaked out when the market tanked in ‘08 that they sold everything for a loss. A lot of them ended up sitting out the recovery and made their losses permanent.
Having a good financial adviser helps you avoid making those kinds of mistakes.
My husband and I have been very successful investing on our own. We rode the market down in ‘08 and have ridden it back up to its new highs. We are 72% higher than our pre-’08 high.
I don’t have a lot of faith in the government. HOWEVER, I do have faith in corporations, especially large corporations. THAT is what we invest in. I figure that there will be a correction along the way, but we have sufficient money in cash right now to not have to sell anything. Moreover, if the market does go down, we are well positioned to get in on the sale prices of excellent companies.