> Although the market is at present down, if you did not sell, you did not lose. <
Yep. That’s a key point. The only two prices of importance to an investor are the buying price and the selling price. What happens in between doesn’t matter much.
So if you weren’t planning to sell for 5+ years, no worries. Keep dollar-cost-averaging, and enjoy this spring day. But if you were planning to sell soon, perhaps you should rethink your portfolio diversification. Stocks are meant for long-term investing only.
Just my two cents. And thanks to Joe Biden, two cents ain’t worth much these days.
“Stocks are meant for long-term investing only.”
I agree.
The problem is that most “financial advisers” have their senior citizen clients with significant assets in the stock market since that has been the only way to get decent returns.
Those clients are gonna get boned—and quickly.
I disagree.
Why not sell, reap the profit? Watch the market crash, and count all your cash?
Why do financial managers frown on investors making money?
They seem to also frown on preferred stock.