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Old 13-08-2021, 09:53 AM
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Originally Posted by Unregistered View Post
Worse advice ever. If one is young, greedy, inexperienced and did not do due diligence then go all in on stocks then all the money earned goes to the drain. Lots of people got burned in meme stocks and options. One even lost his life.

And cash is cool when you get retrenched. Don't be fool into thinking just because one is young one cannot be retrenched. And its also a fallacy to think you will get a job quickly if you are retrenchedeven if you are young, in todays job market.
boomer train of thoughts basically. buying into a world etf or even just the s&p 500 etf is not as volatile as you think it is. analyse the drawdown % and balance it with bond to the drawdown% that allow you to sleep well at night.
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