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[quote=Anonymous][quote=Anonymous]OP here and I continued to be confused.  The responses along the lines of “not everyone has time” are kinda bullshit, right?  I mean, the whole idea is to buy and hold, usually to ensure your retirement.  So you’re supposed to start early and hold, and if you do that you can ride the ups and downs without a problem.  So what am I missing?[/quote]
People cannot control their emotions. Repeat that 100x. They call VOO going from $600 to $400 'losing money' even before they sell any. Instead of buying more, they remember what the balance used to be. Their whole attention is on the 'lost money'.
I am poor people. I don't need to sell, because I'm prepared. It doesn't take me a lot of money to survive the few years the market is down. I can always get 2 minimum wage jobs. I have never been out of job as a low income earner. This is for the person who thinks poor people sell because they are poor. They sell, because they didn't prepare and/or can't handle downturn.
Ofcourse there are people who need money because of unforeseen emergency or health reasons, but most people empty the accounts because they CANNOT handle seeing their account value go down. This is not me. I am waiting for the dip, because I went trough it in 2022. My account value went from $400k to $150k. I had just got into market for growth stocks in 2020. I took it like a champ. There was no reason to sell at $150k. I think my cost basis was ca $100k.
I had no money to buy in 2009 unfortunately, but I see how the money is made in the down market. Rich have cash to deploy, but as a poor person, the minimum I can do for myself, is keep my emotions in check.
I'm fine with down market or correction. It cannot go up in straight line, and it's up to us to be able to manage out money and emotions and not sell low.
So, what keeps you all preparing for it today?
Even the people who don't invest talk about losing money in the market. Think about it. That's just crazy. They don't talk about how to not lose money even though it can be done. Again, down markets is where the money is made, not lost.[/quote]

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