(KO) This Schmuck Nearly Killed Me

This weekend, I nearly died in a fiery wreck. That’s because while listening to a financial radio program in my car, after hearing the host’s ridiculous comments, I nearly drove off the road, yelling like a lunatic at the radio and a host who couldn’t hear me. What got me in such a lather? Typical financial advisor B.S. that you need his advice because of how treacherous the market is. The specific words that nearly caused my early demise? “Buy and hold, those days are over.” In other words, this time it’s different. That kind of advice destroys nest eggs. When things get dicey, it’s natural for investors to feel scared and want to sell stocks that are falling. But history shows us that’s usually the worst time to sell. […]