Financial Advisor wrote:
Ghost of Igloi wrote:
Financial Advisor wrote:
Ghost of Igloi wrote:
No collusion wrote:
It’s somewhat reassuring to know that you’re actions are dictated by others and are not done of your own volition. But posters here have been suggesting that you’re a WS shill for awhile here.
“On Monday, Bloomberg reported that millenial investors felt “excitement” during the February correction. That suggests they saw little reason to cut their exposure to equities in the last selloff. Circumstances may provide them a second opportunity to “excitedly” reduce their equity holdings in the weeks ahead.”
As it turned out, that was the correct move. Perhaps those young 'uns can teach us old timers a few tricks.
Ah, the quote implies excitedly selling at lower prices, so an incorrect interpretation on your part.
No, it doesn’t. Did you even read the Bloomberg article?
“If you’re a long-term investor you want to be able to buy low, and millennials had a chance to add to their retirement accounts at a lower price,” Bankrate.com analyst Taylor Tepper said by phone. “In that sense, it’s very exciting.”
Overall, investors kept calm throughout the turmoil, with just 6 percent of those surveyed pulling cash from their accounts, according to the report.
Bump.
