Ghost of Igloi wrote:
You should pity the investor that cannot avoid the decline since each share of stock must be owned by someone at each moment in time. That is something a financial asvisor should have figured out by now.
Mostly true, but you conveniently ignore one of your favorite whipping boys...stock buybacks. As I hope you know, they reduce the number of outstanding issues.
Additionally it should be noted that those holding during a decline don’t necessarily lose money. They do not need my pity.
The fact is that the vast majority of equity investments in recent years have yielded positive results. Those who missed out deserve my pity.