About 10 years ago, you and I were talking each other down off the ledge of a panicked sell of equities. Glad we hung on.
My sell by orders protected 50% of my butt, the rest was in Fido CDs. That was an automatic sell, we were on a cruise when the market caved. We lost 10% on what had been recalced before we went on the cruise.
So people like you and I, either stayed in the market or got back later and did okay.
I’m approaching 80 this year and not as daring as I have been.
My wife and I both have auto distribution payments on our IRAs since we have been 70. Inspite of those distributions, our IRAs are basically at the same levels at the recovery. post BushII/Obama.
Thanks to the Trump economy in spite of 5 figure auto distributions on both IRA’s last the value of our IRAs were higher than after the first of this year.
I had to think about 10 years ago.
My biggest fear and I believe yours was the bold bs moves by the mediots and Obama to take money from our 401ks/IRAs and what to do if they did.
Fortunately, they backed away from that bs.