Quote:
Originally Posted by ITD
If you kept it in cash, then you got nothing, in fact your cash's value just shrinks and shrinks and shrinks. Balanced portfolio is the answer, if you have 6 figures in cash, you should have one.
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My portfolio is rather large and rather well balanced.
My answer was purposefully somewhat off the cuff. For every stock seller there is a buyer. I have honestly been waiting for some of these selloffs, to pick up certain stocks "at a discount".
You are correct that his loss did not "directly" go to me in any transactions this week. And if people did not sell their stock, then their loss is only on paper, and will likely be made back as the market rebounds.
I was sort of trying to stay out of this because I don't have the time to write out all the data and details and explanations as some others have done much more effectively. My personal finances are split between a professional wealth manager (who has managed to do very well for me through all this) and some lumps that I manage on my own (or actually on "our" own, as my wife is a financial analyst by profession and knows more than a thing or two about all this as well).