Daved G.Thank you for your well written reply to my message. I am concerned about someone who classifies a 50% loss as being good performance. I feel a better approach would have been to state that a 50% loss is poor performance. Even if others have done even worse, 50% is a terrible price to pay. Perhaps an excuse could then be made that such losses are the price of buy and hold investing, and a comment on the difficulty of market timing. However, when the Federal Reserve board is raising intereset rates to cool the economy, and stock prices are at unreasonably high levels, and the S&P 500 has been growing at 20% per year for five years, THEN one wonders why so many stayed in a market that was obviously headed for a crash, and took large losses.
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