[Vermont Lt]

The Baby Boomers were really hurt in 2008. Far too many of them were heavily invested in stocks because they were either late in starting, or greedy.

I have an uncle, and also my brother’s in-laws who have their entire retirement in some pretty risky “day trader” situations. Almost completely wiped out first in 2000, then risky going into 2007 to make up for that. And then...poof. They are retired and broke.

Putting it all into the stock market is never a good idea.

[DugwayDuke]

Vermont Lt wrote: Putting it all into the stock market is never a good idea.

Putting it all into risky “day trading” schemes is far more risky than putting your retirement in the stock market.

[CurlyDave]

The Baby Boomers were really hurt in 2008. Far too many of them were heavily invested in stocks because they were either late in starting, or greedy...

I can tell you from experience that the only ones hurt were those who panicked and sold out at the bottom.

Those who held on have done quite well.