“I know of a professional trader who foresaw the Great Recession, went to cash in the summer of 2008 before things got crazy and came up with a wonderful plan to put his money back to work at the lows.
He planned on putting his cash into a simple S&P 500 index fund in 25% chunks when the S&P hit 650, 600, 550, and finally 500. It was a generational buying opportunity and I was jealous he had such a wonderful plan of attack.
The only problem with this plan is the S&P never got to those levels, even though plenty of people were predicting it at the time.”
#Investing #Crisis #Stocks #Retirement #Crash
