I try to imagine how I would react to a “70/10 event”* in which my stock portfolio lost 70% of its value and did not return to its previous high for 10 years. What would I do? How would I feel, not only about the significant paper loss, but also the length of time it would take to become whole again? [*Historical context note: The Great Depression was an “88/25 event.”]
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I try to imagine how I would react to a “70/10 event”* in which my stock portfolio lost 70% of its value and did not return to its previous high for 10 years. What would I do? How would I feel, not only about the significant paper loss, but also the length of time it would take to become whole again? [*Historical context note: The Great Depression was an “88/25 event.”]
Post: A Difficult Choice
Link to comment from November 29, 2021