Dividend investing for retirement Message Board

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Strategies & Market Trends : Dividend investing for retirement

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Bob Bosco

Ditchdigger

To: Ditchdigger who wrote (30325)	1/9/2019 7:58:44 PM
From: JimisJim	2 Recommendations Read Replies (2) of 34328

All msg. boards everywhere experience the empty echo chambers when the market is declining and when traders have essentially locked in their losses as they bail out of the market and go to cash -- not talking about 10% or even 20% of one's combined PF's cash holdings, which is quite appropriate for swing traders... but people on average seem to bail from stocks and go mostly to cash when market share prices are at, or on the way to the next bottom... and then wait too long during trend reversing to the upside because they are afraid the recovery isn't real... most (ignorant) people sell low and buy high... My brother's (recently departed) mother-in-law is a classic example... my brother, in helping to figure out her financial positions discovered that she'd sold all of her stock in late 2009 and kept it all in her checking account for the rest of her life... even my brother was astonished when he saw all of her statements, etc. and my brother never takes part in his own investing, instead having a "wealth" management person do all the buying/selling... my brother's only involvement is calling that guy up and asking for more money, and/or asking if he can afford a trip, or big item purchase... I actually heard his side of the conversation minutes before he was going to deposit the down payment (about half of total compensation, a land contract stipulates the rest of the terms) on buying out my half of the old cottage, and my one third interest in some SW Ohio farmland... I could never sleep well if someone else were "in charge" of my liquid assets... even a fiduciary won't care about my money more than I do.

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