– In this video, I'm gonna go through the five best Fidelity funds to buy and hold forever. Now you're going to notice that all of the Fidelity zero index funds are missing from this top five, because they aren't really what they appear to be on the surface. Later in the video, I'll send you to another video I made uncovering their dirty little secret. First up is the Fidelity
500 Index Fund, FXIAX. There's only a few funds that I would consider foundational fund that most people should hold.
And if you prefer Fidelity funds, then this would be one of them. FXAIX tracks the S&P 500, which is made up of the
500 largest U.S. stocks, based on market cap. All a market cap is is the total number of outstanding shares multiplied by the price of the stock. These 500 stocks represent about 80% of the U.S. market cap. So these companies are what really moves the price of the overall stock market. To put it into perspective, there's about 4,300
publicly traded U.S. stocks. That means once we remove the largest 500, the remaining 3,800 only account for 20% of the total U.S. market cap. Everyone loves to talk
about the upside potential, and we'll cover that in just a minute. But I personally like to call out the downsides as well, because what you do during those times will have the biggest impact on your future returns.
Because the Fidelity 500 Fund has only been around since 2011, we'll be looking at the S&P 500 drawdowns to get a larger sample size. The largest drawdown started in 2007, due to the financial crisis. This fund would've seen a 51% drawdown, which means that if you
had $1 million invested, then at one point, it would've
been down to $490,000. This portion of your portfolio would've taken about three
and a half years to recover. The next largest drawdown was in 2000, where it had a drawdown of 45%, and took a little over
four years to recover. The third largest drawdown was in 2020, due to the health crisis, where that drawdown was 20%, and took four months to recover. A four-month recovery period is comical, so do not expect that
happening in the future, because they're not very common. Although past returns are irrelevant, because we are investing for the future, they're always good to be aware of. After taxes and sales, FXAIX has had a one-year return of 9.5%, three-year return of 15%, five-year return of 13%, and 10-year return of 12%. This is one of the lowest-cost
S&P 500 index funds, coming in at an expense
ration of .015% per year.
For everyone $1,000 invested, you're only paying 15 cents per year. These are everything with investing, because they eat into your returns, so keeping these as low as possible is extremely important. If you look at the sector breakdown, 28% of this fund is held in technology, followed by financial services, healthcare, and consumer cyclical. While some might say that
it's overweight in technology, that's only because those
companies are so dominant. This is the nice thing about a fund that tracks an index. There's no opinions about what should or shouldn't be added, because the market and
size of the business determines that for you. If the businesses in one sector start to shrink in size, then this fund will reflect that and replace those stocks
with what should be there.
The top 10 holdings are made
up of a ton of companies most of you recognize: Apple, Microsoft, Amazon, and Alphabet. These 10 make up about 30% of the total Fidelity 500 portfolio, which is perfectly fine because they're all solid companies. And when they eventually shrink in size, they'll automatically fall down this list and be replaced with
the next best company. The Fidelity 500 Index is for anyone who is looking to match the performance of those largest U.S. companies. Because they make up 80% of
the total U.S. market cap, they're what really moves the market. This index fund has a nice
mix of large cap stocks that are at the upper limit
between value and growth, with a leaning more towards growth stocks. This is good if you're looking to invest for portfolio growth with the safety that comes along with those larger, more stable companies. If we take a look at the stock weighting, 39% are large cap growth, 26% are large cap blend, and 19% are large cap value.
The downside of this fund is that you're missing out on those mid and smaller-cap stocks. While it's not a huge downside, it's still something to be aware of. If you are enjoying this video so far, then help support my dog
Mali and this channel by hitting that thumbs up button. If you're someone who
wants to take advantage of those 500 stocks, plus the additional thousands of stocks traded on the stock market, then you'd want to think about investing in the Fidelity Total
Market Index Fund, FSKAX.
Before we get too deep into it, I'll have to admit that I
am biased towards this fund and any other total U.S.
stock market index fund, so keep that in mind while I'm going through
this one specifically. FSKAX does exactly what the name says, invests in the total U.S. stock market. That means your money is invested among pretty much every
U.S.-based stock out there. At this point, it's made up of a little over 4,000 companies, and growing every year as more businesses go public. Since it holds that many stocks, your money is diversified among large-, mid, and small cap companies. When you invest in an
index fund like this, you're betting on the future
of the U.S. as a whole. I know there's a lot of
tinfoil hat people out there who are all doom and gloom
about the future of America. But as long as the businesses
behind these stocks are continuing to innovative,
make money, and grow, there's nothing to worry about. There are naturally going
to be a ton of losers among these 4,000 stocks, so that's why it can beneficial to place bets across the board by investing in this type of fund.
After taxes on distributions
and sale of fund shares, it's had a one-year return of 7%, three-year return of 14%, five-year return of 12%, and a 10-year return of almost 12%. This index fund is extremely low cost, coming in at an expense
ratio of .015% per year. That means for every $1,000 invested, you're only paying 15 cents per year. Looking at the sector breakdown of the Total Market Index Fund, technology is once again dominating at 27% of this fund. The rest of the breakdown is pretty similar to
the Fidelity 500 Fund, with healthcare at 13%, consumer discretionary at close to 12%, and financials at close to 12% as well. Within the top 10 of the Fidelity Total Market Index Fund, we see a ton of names that we recognize, the exact same companies
within this top 10 are in the top 10 of the
Fidelity 500 Fund as well.
The only difference is how much money is allocated to each company. With the Fidelity 500 Fund, 29% was in the top 10. Within the Fidelity
Total Market Index Fund, there's only about 25%
allocated to those top 10. A lot of this has to do with the fact that FSKAX has over 4,000 companies to spread your money across, while the 500 fund only
has to spread your money across, of course, 500 companies. The Fidelity Total Market Index Fund is for the person who wants this ability that comes with investing in
those biggest 500 companies while still gaining exposure
to those up-and-coming, mid, and small cap stocks as well. As you can see, this index fund is considered a blend between
value and growth stocks, with a tilt more towards growth.
While most of the weighting
is in the large cap area, we see that about 18% is in mid caps, and 9% is in small cap stocks. Just like the Fidelity 500 Index Fund, the Total Market Fund is one
of the foundational funds that should be a part
of everyone's portfolio in some form. I personally don't think it makes sense to hold both of them at the same time, because there is some portfolio overlap. Once you have your U.S.
investments covered, the next best fund is the Fidelity Total
International Index Fund, FTIHX. And this fund is currently made up of over 5,000 stocks.
The Fidelity Total
International Index Fund is just like the Total U.S. Index Fund, except the International fund holds stocks that exist
outside of the United States. This fund seeks to
provide investment results that match the total return of foreign developed and
emerging stock markets. FTIHX specifically tracks the MSCI All Country World Index ex U.S., which covers about 85% of global equities outside of the United States. By investing in FTIHX, your money is diversified among different countries, regions, sectors, and even currencies. Since this fund has only
been around since 2016, I looked at the drawdowns from a global ex U.S. stock portfolio. The largest drawdown started in 2007, of course, due to the financial crisis, and ended up down 58%. It took a little over
eight years to recovery. The next largest drawdown started in 2000 due to the dot com crash, where it dropped by 47%, and it took about two and
a half years to recover. The third largest drawdown was in 1990, where it saw a max drawdown of 31%, and took three years and
four months to recover. One-year returns are negative 1%, three-year returns are 6%, and five-year returns are 5%.
Since this is a newer fund, we don't have enough data to
get out to the 10-year returns. The expense for this
Total International Fund is one of the lowest in the industry, coming in at .06%. That means for every $1,000 invested, you'll only pay 60 cents per year. The sector breakdown is a lot different when we compare it to
those first two U.S. funds that we looked at. For this international fund, we can see that the
majority of the holdings are in financials at an
almost 19% allocation, followed by industrials, tech, then consumer discretionary. The top 10 holdings only
make up less than 10% of the overall holdings, which is night and day compared to the first two
U.S. funds that we looked at. For those U.S. funds,
if you don't remember, the top 10 made up about
30% of the holdings. I don't see an issue with this, because there's a little more risk when investing in companies outside of the United States. A lot of these companies
you probably recognize, but once we get out of these top 10, you probably don't recognize
a lot of the companies within this index fund.
When we look at region breakdown, about 70% of the money is diversified among European and
emerging market companies. The Fidelity Total International Index is perfect for someone who
wants to get that broad exposure to anything outside of the U.S. As with any stock-based index funds, there are many risks to be aware of. Those can range from political, economical, regulations, currency, and interest rate risk. The good news is that FTIHX is more concentrated in
stocks that are larger, with a blended mix
between value and growth. The Fidelity U.S. Bond Index Fund, FXNAX, is perfect for the conservative
side of your portfolio. At this point, it has about 8,400 holdings from 593 issuers. It tracks the Bloomberg
U.S. Aggregate Bond Index, which holds a mixture of U.S. treasuries, corporate bonds, and
mortgage-backed securities. Max drawdowns for bond index funds look drastically different
from stock-based index funds, which is exactly how things should look.
The largest drawdown
started at the end of 2020, where it was down 7.77%, and it still hasn't recovered. The second largest was in 2013, where it went down 3.87%, and took nine months to recover. The third largest was in 2016, where it was down 3.5%, and it took nine months to recover. For a one-year period, this fund is down 2.74%. Three-year returns are at .87%, five-returns are at 1.08%, and the 10-year return is at 1.21%. The Fidelity Total U.S. Bond Fund is extremely low cost at .025% per year. That means for every $1,000 invested, you're paying 25 cents. This bond index is mainly diversified among three different types of bonds. 39% is in U.S. treasuries, 27% are in mortgage-backed
security pass-through bonds, and 24% are in corporate bonds. If you are someone who is building a three-fund portfolio, then you're going to need a bond fund. Now this is a great index fund to fill the gap in that type of strategy.
Don't sleep on bonds, because they still serve the same purpose as they always have, to reduce volatility
within your portfolio. Now this is especially needed when you are getting closer to retirement. I'll have my three-fund portfolio video linked up down in the
description, above my head, and at the end of this video as well. Real estate has had great
returns over the years, so if you're looking to gain more exposure to that asset class on the
Fidelity investment platform, then the Fidelity Real
Estate Index Fund, FSRNX, is the one that I prefer. Time out real quick, because after reviewing
my notes on this one, I am calling an audible in
the middle of this recording to pull this one off of my top five list.
This fund isn't tracking
the underlying index as well as I thought it was. On top of that, the fund manager is trading the underlying stocks like it's an actively managed fund, which could result in higher trading costs for investors like you. The turnover rate is 53% for this fund. This basically means that
they're buying and selling off 53% of the holdings
within a 12-month period. Compare that to the Vanguard
Real Estate Index ATF, where the turnover is only 7%, and I cannot, with good conscience, recommend the Fidelity
Real Estate Index Fund. If you want a real estate
fund on the Fidelity platform, then go with the Vanguard version, VNQ. Be honest, I don't like any of the other Fidelity funds, either, so I don't have a replacement
for the Real Estate Fund. Don't forget to hit that
thumbs up button before you go. My video on why you should avoid the Fidelity zero fee index funds will be linked to your left and in the description of this video a couple of days after
this one's released.
If you prefer Vanguard funds that you can purchase on the
Fidelity investment platform, then, to your left, I'll also have my top five video on those..
– There's a very easy do it
yourself method to investing that not only out
performs the vast majority of retail and professional investors, but it also saves you a ton of time, energy and money along the way, and that investing method
is called, wait for it, the three fund portfolio. In this video I'll show you
what makes this way of investing so successful, the steps to properly create this portfolio in your account, which aren't always so obvious. I'll give you a list of the funds needed to create the portfolio, and then I'll show you the
actual historical returns based on a few back tested
three fund portfolios that I put together. If you get some value from this video, then please hit that thumbs up button. If not for me, then please
do it for my dog, Molly, because she's starring at me right now waiting for me to get done filming so that we can go outside and play. The three fund portfolio is made up of, you guessed it, three different funds. Nothing more and nothing less.
As with anything, you can
of course customize it beyond those three if you want, but the results may vary
based on how many shares of speculative investments that you decide to add beyond those three. The three types of funds consist of number one, a total U.S.
stock market index fund, which essentially holds every single stock traded on the stock market. We're talking small cap, mid cap, and large cap stocks, which makes up around
Based companies. Number two, a total
international stock index fund that excludes stocks
that are headquartered within the United States. These are stocks that make up developed and emerging international economies, and are equal to roughly
7600 different stocks. And finally, a total U.S.
bond market index fund, which consists of a
mixture between maturities that are short,
intermediate and long term. In total, there's a little
over 10,000 of these.
When you own a total market index fund, you basically have money invested in essentially every single stock and bond traded on the stock market. Between these three funds, you'd hold a little more
than 21,500 different stocks and bonds across the world at the lowest cost possible. You're instantly diversifying your money by only having to worry about purchasing three different funds. As Jack Bogel, the guy
who introduced the first index fund to retail
investors like us once said "Why look for the needle," meaning those individual winning stocks, "when you can just buy
the whole haystack." By investing in these
three types of funds, there is zero overlap when it comes to stocks and bonds. Portfolio overlap happens when you invest in multiple funds that hold the exact same stocks, which in turn makes you less diversified than you might think you are. An easy way to remember this is when diversification decreases, your risk will increase.
Only having to own three
different investments sounds pretty simple, right? – Yep. – Like so simple that you
don't even need to pay one of those expensive
professional advisors- – What? – To pick your investments that will most likely underperform the market
in the long run, right? – Yep. – Did we just become best friends? – Do you wanna go do karate in the garage? – It's no secret that advisors
make money off of you, because that's how they get paid. And the amount that
they're paid comes directly from the returns of your investments. There's two main ways that
they make money off of you. Number one, by charging you
either an ongoing percentage based on your account balance, which I've seen on average is about 1%, or a flat fee no matter
the size of your account.
And/or number two, by
getting a cash kickback from the company that manages the fund they're having you invest in. I don't know if you caught that, but it sounds like there might be a little bit of a conflict of
interest for that one, right? Of course there is, but naturally they're gonna
try to hide that from you. If an investment advisor
told you to invest in the same three low cost
funds for the rest of your life, would you be willing to
pay them an ongoing 1% fee every single year? Would it be worth paying
them $20,000 in fees? Because if you invested $10,000 today, and paid them 1% per year for 30 years, then the total fees that you would pay from the annual fees plus
the opportunity cost, would add up to $19,800.
Now, let me put that in terms
that we can all understand. That equals $2,475 Chipotle burritos. Yes, you heard me correctly. You would pay more in fees
than that initial $10,000 that you invested. I don't know about you, but I wouldn't be willing to give up over 6.5 years worth of
daily Chipotle burritos for them to do something as simple as put me into a three fund portfolio. They wanna make it as
complicated as possible to make it appear like they're doing something
productive with your money by constantly fiddling with your portfolio to justify charging you 1%. If they knew that you knew that it was as easy as buying
three low cost index funds, then they'd be out of a job, which is why you most likely only hear this sort of good advice from a fiduciary financial advisor because they are legally obligated to act in your best interest. And the trust worthy ones
usually only charge a flat fee as opposed to an ongoing yearly fee. Not all non-fiduciary financial advisors are professional scumbags, but we do have to acknowledge the fact that their incentives aren't aligned with helping you make the
best investment decisions.
Investing in a three fund portfolio reduces the amount of time that you need to spend with
and pay a financial advisor whose goals aren't aligned with yours. But avoiding a shotty advisor isn't the only reason to
use a three fund portfolio. It's also a good way to avoid the risk that comes from an active fund manager that's handling how money's invested within a mutual fund that you invest in. Low cost total stock market index funds held within a three fund portfolio are passively managed funds, which means that they funds managers aren't choosing what
to buy, sell and hold.
Actively managed funds on the other hand, are run by people who
are choosing which stocks to buy, sell and hold. To successfully pick the right stock combo to outperform a basic total
stock market index fund, these fund managers need
to have some level of skill to achieve that out performance. But time after time the data shows that it's nearly impossible
to successfully do this over long periods of time. The hot fund manager
everyone talks about today turns out to be the loser of tomorrow that everyone eventually forgets about. In a paper published in
the journal of finance called luck versus skill in the cross section
of mutual fund returns, Fama and French found
that "On a practical level "our results on long term performance "say that true out performance "and net returns to investors "is negative for most if
not all active funds." In the paper they did admit that when returns are
measured before costs and expense ratios there
is stronger evidence of manager skill, but this is irrelevant though because you're not
getting into these funds without paying a fee.
It's like saying I have this
awesome new electric car but there's nowhere for
me to charge the thing so I can't really turn it on and drive it. All I can do is look at it. – Look at that, that's nice and shiny. – Which brings up another advantage that the three fund portfolio has. The three index funds
that make up the portfolio are extremely low cost. The price for each can
vary from fund to fund, which we'll cover in just a minute, but compared to most
other funds out there, they're the lowest since
they're passively managed. For example, the Vanguard ETF versions have an expense ratio of 0.03%, 0.08% and 0.035%.
That means for every $10,000 invested you're paying an expense of $3, $8 and $3.50 per year. A study from the Financial
Research Corporation called Predicting Mutual Fund Performance set out to determine
if there were any ways to predict the future
performance of a mutual fund. They tested 10 different predictors like past performance,
morning star ratings, expenses, turn over, manager tenure, asset size and a few more things. They came to the conclusion
that the best way to reliably predict the
future performance of funds was by looking at the expense ratio and nothing else.
They call a favorable expense ratio an exceptional predictor for bonds, and a good predictor for stock funds. Based on this research, if you wanna pick a successful fund, then ignore everything else, and just look for the one with the lowest expense ratio. And lucky for the three fund portfolio, those three total stock market index funds are about as low cost as they get. Hang tight because I did
all of the legwork for you by putting together a list of the exact tickers
that you might wanna use. I'll cover those in just a minute. It was cold in here, and now it's hot, so the jacket had to come off. When it's all said and done, the biggest selling point of a three fund portfolio
is that it's just easy.
Literally dummy proof. Contributing money to
your investment account on a regular basis, and spreading that money among
only three funds is easy. Rebalancing once per year
across only three funds is easy. When it comes to withdrawing
money when you're older, you only have to pick between
three funds to sell off, which is easy. When choosing what to invest in, you only have three funds to worry about, which is easy. Investing isn't complicated at all, but for some reason we
like to make it out to be more than it actually is. There is zero correlation between spending a bunch of time trying to pick stocks or mutual funds, or spending a bunch of
money on an advisor, and an increase in your
investment returns. Successful investing has more
to do with your psychology than anything. Stick with the three
fund portfolio process, and get on with living your life because the returns will
take care of themselves. The first step in building
your three fund portfolio will be to choose the three
funds that you'd wanna use. Here's a list of the exact
funds that you'd wanna hold deponing on which investing
platform that you use.
All you do is choose one
from the total U.S. funds, one of the total international funds, and one of the total U.S. bond funds. Side note, if you're
building this portfolio within a 401k, then you might not have access to a total
U.S. stock market fund. Now if that's the case, then you should have access to some sort of S&P 500 fund, which you can substitute in its place. You don't have to, but I'd suggest choosing
funds from the same row just to make things a lot easier for you.
As you can see, all
the funds are exclusive to their respective investing platforms except for the Vanguard ETF versions. Those Vanguard ETF's can be purchased on any investment platform, which is why they're my number one choice. To the far left, you can also see that I've ranked each three fund mix. I did that because the more
that I looked into each one, the more I realized that they
are not all created equally. Even though the expense
ratios for each fund within a category is
going to be different, they're not far off enough
to where I'd steer you away from any of them.
The issue I have is that
when the name of a fund says total U.S. stock market index, I would assume that the fund would hold literally every
single stock on the U.S. market. The same goes for the total international and total bond index as well. But the more I started
to look into each one, the more I realized that
that's far from accurate. Most of these funds do not actually hold, quote, unquote, everything. Here's the same list, and next to each ticker symbol I have how many stocks or bonds are held within each one. Based on this info, the only true U.S.
international stock, and bond funds are the
ones offered by Vanguard. That's not to say that you
should avoid any of the others, but it's something to be aware of. The returns will most likely be pretty close between all of them, but if you wanna get the closest return to the market as possible, then go with the Vanguard funds. Once again, the good news is
that with the Vanguard ETFs, they can be purchased on any
investment platform out there. The next step will be to
choose an asset allocation. Meaning out of 100%, how
much should go towards each of the three funds. This is quite possibly the
most important decision that you'll have to
make, so pay attention, because it's going to have a direct impact on your expected return and risk level. The more risk you wanna take, for example, the more stocks and less bonds that you wanna hold, the higher expected return. The inverse is also true. So the less risk that you wanna take, i.e., the more bonds and less stocks, the lower expected return. Here's a chart I put together showing you how different stock and bond allocations would have performed over the past 34 years.
On the first line, the 0% stock and 100% bond allocation would have only netted you an average of 5.73% annual return. During the worst year, you would have only lost 2.66%, with a max draw down of 5.96%. On the last line, I tested a 100% stock and 0% bond allocation for 34 years. It gave us an average annual return of basically 10%. But, and this is a big but, you would have had to been able to handle a worst year
return of negative 38%, and a max draw down of negative 52%. That means that if you had
a million dollar portfolio, and you were 100% in stocks, that at one point you would have been down $520,000, and your three fund portfolio
would be worth $480,000. Yes, of course your investments
eventually recovered, but you need to ask yourself if you could handle that kind
of draw down on your portfolio and not panic sell. That point when the portfolio was down 52% was the housing market crash, which started towards the end of 2007. There were a lot of
unknowns during that time. And looking back on it now, we know how things played out. But if you were in the middle of it, then you had zero clue if the whole financial
system was going to crash.
To make things even worse, your portfolio during that time would have been under water for a little over five
years and two months. Let me say that again in a different way. It would have taken your portfolio 1,885 days to fully recover from that $520,000 loss. So you need to ask yourself
could you handle not selling and continuing to invest during that time if you were invested in 100% stocks, because to get that 10%
average annual return over those 34 years, you would have had to of not sold, and continued to invest
money every single month, even when it looked like
there wasn't any light at the end of that tunnel.
That's one of the prices
that you have to pay for that higher average annual return. Always keep that in mind. And I didn't even put in here data of other times it crashed too because that wasn't the only time. There was another time
where I think it was down 43% or 48% as well. Based on the odds and history, we know that it's likely
your portfolio will tank, potentially like that, at some point between now and when you disappear from this earth.
If you want your money to
grow in a meaningful way, then you have to have a decent amount of your money invested into stocks, which means that times like these are going to hurt no matter what. If you don't think that you can handle huge swings like that, but still wanna give your money a fighting chance to grow, then start with a five,
10 or 20% bond allocation within your three fund portfolio. You're also going to
wanna continue investing even when times look really, really ugly in the economy and the stock market. When it comes to how much to put towards international stocks, this is a tricky one that's been debated so many times. And because of that I
refer back to Jack Bogel, the founder of Vanguard on this one. For a long time he was completely against allocating any money towards
international stocks. His thought process was
that if you already own a total U.S. stock market index, then you naturally have exposure
to international markets because a lot of those corporations do a ton of business overseas. But as time went on he changed
his stance a little bit.
He ended up saying that he would be fine if someone held anywhere between 0% and 20% of their portfolio in international stocks. So do what you want with that info. If you're really not sure, then start out with something
like 10% in international, and then adjust it up or down from there. When it comes to
rebalancing your portfolio to get your allocations back
to where they should be, I would only plan on
doing that once per year. Don't worry about doing
it any more than that. One of my favorite investing
platforms that I use, and I love that makes the whole three fund portfolio investing a lot easier is M1 Finance.
I'll have a link in the description of this video to check them out, and also get a free $30 from them. Now it's time to implement
this strategy for yourself. If you have any additional questions beyond what I've covered so far, please leave them down
in the comments below, and I will try to answer every
single one of them for you. But there's two things that I really need to
stress to you though.
Number one, it is extremely important to invest money into
this type of portfolio on a regular basis. Consistency is key. The returns I showed you, are all what happened in the past, and do not give us any indication of how things will play out in the future. For all we know, the returns for everything going forward might be lower. Now if that's the case, then the best thing that you can do is to shove as much money as possible into those investments on a regular basis.
The returns on a 100% stock portfolio might only net you an annual return of 5% as opposed to that 10% that we saw. But I would rather be
earning 5% on a portfolio of $800,000 than one
that's only worth $400,000 because I wasn't investing
on a consistent basis. And number two, there's
going to come a time, most likely multiple times, when things look very dark
and grim within the world, the economy and the stock market. I am talking really, really ugly. Kind of like when we were in the middle of the housing market crash of 2008.
I need you to ignore all of that noise, continue to invest, stay optimistic, don't
fiddle with this portfolio, and stay the course. Corrections and bear
markets will come and go. But I can promise you one thing, if your three fund portfolio is crashing, then everyone else's
most likely are as well. But the only people
who actually lose money are the ones who sell or start messing with their
portfolios during that time because they're the ones who
are locking in their losses by doing those things.
I've met a few people who
sold their investments at the bottom of the housing market crash, and still haven't fully put their money back into the market. Now those people had to push
out their retirement dates another 10 and 15 years because
of that panicked decision. Be sure to hit that thumbs up button before you go. Check out the description
for more resources and playlists to help
with all of your personal finance and investing needs. I'll see you in the next one friends. Done..