You lose if you sell during a crash. If you bought literally just before the GFC and didn’t sell, you would be up +313% on S&P 500. Buying at the worst time pre-GFC would have you negative for only 5 years.
Yeah I agree but if you planned to retire or planned to pay for a house or your kids college with that money you are SOL. Now you have to wait again on things that are time sensitive.
I knew a guy where it did work out since he started school before the crash so they took the money out. Lucky him.
Last crash cost me job so hurts worst when you need money and can’t even sell stocks you were investing for times like this.
Right until that next market crash. Dad was really happy in 2007.
You lose if you sell during a crash. If you bought literally just before the GFC and didn’t sell, you would be up +313% on S&P 500. Buying at the worst time pre-GFC would have you negative for only 5 years.
Yeah I agree but if you planned to retire or planned to pay for a house or your kids college with that money you are SOL. Now you have to wait again on things that are time sensitive.
Yeah they said wait 5 years. If you’re so desperate for cash u can’t wait 5 years and work a part time job at 65 then fuck u just die.
I knew a guy where it did work out since he started school before the crash so they took the money out. Lucky him. Last crash cost me job so hurts worst when you need money and can’t even sell stocks you were investing for times like this.