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> This is not the proper way to think about an investment. "I will get out as soon as I have recovered my losses"
> tells me that you don't understand what you're doing.

Actually, YOU don't understand what I am doing.

who has moved her retirement date up by 15 years, and wishes to recoop losses and then "maintain"

My apologies; I should not have assumed anything about your sophistication as an investor. I was out of line.

However, "I will sell as soon as my investment gets back up to $X" is something we hear all too often. The question is not too much different from "My investment has dropped by 30%. Should I get out?". Most of the time, you can tell that folks are investing without really understanding what might happen.

I am especially sensitive to the "I'll sell when it goes back up" line of thinking, as this cost my father over 1/3 of his retirement assets last year, in his first year of retirement. Rather than properly diversify his assets into funds that were more in line with his (new) risk tolerance, he rode a Janus fund down to the bottom, refusing to get outuntil the very bottom. So now he's properly positioned, but with
1/3 less capital. Please don't let this happen to you.
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