The article discusses the challenges of maintaining investments amid market downturns, particularly for older individuals. A 60-year-old Redditor expressed risk aversion with a 65% stock and 35% bond allocation. The conversation highlighted experiences from the Great Recession, where one commenter noted that their 65/35 portfolio did decline but recovered by 2010. They lamented missing out on potential gains due to their bond allocation, underscoring the importance of strategy in long-term investing.
It's hard to hold on to stocks when they are going down. However, the experiences shared by long-term investors and lessons from the Great Recession may help guide future actions.
The commenter was 57 when the Great Recession happened... the portfolio went down less than the broader market and was back to its pre-recession level in 2010.
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