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PoindexterOglethorpe

(25,816 posts)
2. Meh. A lot of people here pulled their money out of the market
Thu Jul 30, 2020, 12:20 AM
Jul 2020

after Trump won, and have lost a lot.

The thing with the stock market is that it is not tied as closely to elections as people like to think. In reality, the market actually goes up two out of every three years, and most gains and losses are confined to something like a half dozen or so days in each year. Which is why buying and hanging on is a vastly better strategy than trying to time the market.

Oh, heck, hope that Biden wins and encourage your friend to sell everything! And then don't say a word when the market climbs to new heights.

I need to learn my lesson! [View all] imanamerican63 Jul 2020 OP
That's his... Newest Reality Jul 2020 #1
Meh. A lot of people here pulled their money out of the market PoindexterOglethorpe Jul 2020 #2
Ah, the stock market gratuitous Jul 2020 #3
Dumped most of the Trumplodytes many moons ago... Wounded Bear Jul 2020 #4
Latest Discussions»General Discussion»I need to learn my lesson...»Reply #2