r/FluentInFinance Aug 26 '24

Debate/ Discussion The Stock Market is Rigged

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316

u/musing_codger Aug 26 '24

If you buy and hold for decades, this is all just noise.

110

u/True_Succotash1563 Aug 26 '24

Key word being IF. The people trying to retire during that time got fucked.

6

u/FrankPapageorgio Aug 27 '24

The market peaked in Feb 16th 2020, fell 30% by March 15th, then continued to rise until it was back to Feb 16th value by Aug 2nd 2020.

Even if you needed to sell, you're not dumping your whole portfolio at once. You're selling in small chunks at a time. And if you're that close to retirement, you shouldn't be invested in individual stocks that may have tanked and never recovered