Example of why this forum is so good
I was reading threads from the 2008-09 crisis and this quote popped up in one from October 2008. Thought it was worth reposting since it likely gave many people large amounts of money with just these few short sentences. Young investors like me would have needed this to encourage us to stay the course.
Rick Ferri wrote:This crisis has set up a once in a lifetime buying opportunity for baby boomers who are saving for retirement. I highly suggest that savers continue to put money into stocks at these incredibly low prices.
Boomers have a unique opportunity to truly set themselves up for retirement 10-15 years from now as long as they do not focus on the rain, rather they focus on the crops that rain will generate in the future.
Be smart buyers when other people are panic sellers.
Read responses in bogleheads.org