Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Funny you should say that. That's exactly what we are contemplating right now. Should we cash out in a falling market or should we wait until it recovers? I doubt the market will recover in several years. And we have yet to see the full extend of the mortgage meltdown and we will see how many banks and other investment institutions it will take down with it.

I should have sold about a year ago...

It sounds to me like we are onto something. It seems to me that your case is not unusual. As was drilled into my head, the plural of anecdote is not evidence. At the same time, patterns do emerge at times that are meaningful. Waiting to sell seems to be a well documented reaction to falling markets. By the way, this does not mean that waiting to sell is either right or wrong.

Check out the following link to get an idea of what may occur during housing booms and busts:

It's written by Case and Shiller. It's an oldie but goodie. Other papers on the website are worth reading to get an idea about housing bubbles.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.