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Started by numbers, September 15, 2018, 07:34:35 PM
Quote from: Sam on September 15, 2018, 07:50:34 PMSure. Where are you are wrong it is that you have never been through a downturn as a retiree. Therefore, you don't really know your true risk tolerance until it comes. The number one goal as a retiree is to never lose money. Because once you start losing money, the pressure to go back to work increases.
Quote from: numbers on September 18, 2018, 01:34:13 PMJust an FYI that might help someone...This is an excerpt from a Market Watch article today.Its why I am not tempted to sell in a downturn.The greatest danger is being out of the marketFrom 1996 through 2015, the S&P 500 returned an average of 8.2% a year, yet if you missed out on the top 10 trading days because you were trying to time the market, the returns shrank to just 4.5%. And If you missed out on the top 20 trading days, your returns came in at just 2.1%.