Quote:
Originally Posted by OMG!WTF!
Watching your two million turn into a million is too painful for most people to endure. Most people will buy stocks now because they're high and it is the thing to do. The market feasts on those people. 10-20-30% losses will punt most retailers. A 50% loss will kill all but the most willfully blind investor. No one kept stocks in 2009.
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What are you talking about?
No one should put their entire $2 million in the stock market, but rather split the $2M amongst bonds and stocks (domestic and international), preferably index funds.
And the smart people did keep stocks in 2009, and the smarter ones bought more of them then too. And those people are quite likely enjoying the returns on their investments from that time.