Week 51 Day 6: Panic Selling in a Crash: Locking In Losses

In every market crash, millions of investors sell at the bottom, swearing they will get back in 'when things calm down.' They lock in losses that would have been temporary if they had done nothing. Th...

In every market crash, millions of investors sell at the bottom, swearing they will get back in 'when things calm down.' They lock in losses that would have been temporary if they had done nothing. The S&P 500 has recovered from every crash in history -- 1929, 1987, 2000, 2008, 2020. Every single one. The investors who stayed invested recovered. The investors who sold did not.