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Vent: My 'safe' bond fund lost 12% in six months and I panicked.
I was sitting at my kitchen table in March, looking at my quarterly statement, and saw the number. I had put $15,000 into what my old broker called a 'conservative' bond fund. The market shifted, rates went up, and the value just dropped. I sold it all the next day, locking in the loss. Now I'm sitting on cash, too scared to move, and I know I messed up the timing. Has anyone else sold at the bottom and how did you get back in?
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wren_grant7mo ago
Selling at the bottom was the smart move to stop the bleeding.
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tyler5067mo ago
Tell that to my crypto portfolio, @wren_grant. I've perfected the art of selling low and buying high.
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troycarter7mo ago
Man, I saw a whole thread about this exact thing. Some finance guy called it the "reverse wealth strategy" as a joke. It happens because people panic when prices drop and get greedy when they shoot up. You're basically letting your feelings make the worst trades for you. The hard part is training yourself to do the opposite, or just not look at it every five minutes. It's a brutal lesson to learn with real money.
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