Quoted from kpg:
Amazing how the stock market can change a persons sentiment almost immediately.
( This gets little longer than I planned. You can go to the bottom and Gert the gist of what I am trying to say. Sorry.)
My GFs daughter works in TV Land. I am pretty liberal but the daughter is way out there and it influences my GF. Nothing good to say about the current admin.
2 years ago, GF was in prep to get ready to retire. So she gathers all her money and placed it with a local guru. When the market threw a hissy in 2019 with regards to J. Powell's interest rate hike, and then recovered after the famous "interest rates are too high" beatdown, the GF who never bothered to look at her account statements started watching it daily. Her LT investor attitude disappeared when the green ink in her account turned red. I'm down $5,000.00 sniff sniff. But then the market recovered.
At the first of this year she was up close to $50K and asking: "What should I do? What do you think?".
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SIDEBAR: Several years ago I made a bad trade in her account that was a $1200.00 loss. And when Netflix had a big dump several years ago she called me from her work and said Netflix is down big time and she wanst to buy some. NFLX had been something like $250.00 and dove to $150.00. I said no. Too soon. And NFLX went on down to $50.00 and went sideways. I never told her to go in and buy NFLX. She, I discovered, has the memory of an elephant and every once in a while she reminds me of these two mistakes.
Now I have her number. She is the type who will take the credit when the trade is good and will turn around and blame the broker when the trade goes south. I do not give that woman any financial advise. NO FN way.
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So, what should you do, baby? You are on your own. . I don't know what the market will do. Good luck to you.
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So, all of that to get to this: The liberal daughter, the influencer, suddenly falls out of favor, and GF says" I'm thinking I might for for "Big T" as he might be the only one who can get of out of this" I almost fell out of my chair ! To witness how one person's stock account performance has almost "single handedly" switched an out-there liberal into a conservative "keep your hands of my jack" type of person.
Unlike the last market tank she lived thru, she is not freaking out and is resigned to the fact that she now is a long term investor and the market will come back.
Viva La "Big T" !.