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Oct 31, 2024
12:32:57pm
Zach Morris #NeverNavy
I made that mistake in 2015 and it cost me around $80,000.00 At the time the speculation was if Trump were to win then
the stock market would crash so a few days prior to the election I foolishly liquidated high 6 figures from my 401k and thought that if Hillary won, I’d just simply buy back into the same positions and all would be well.

To my shock, Trump won and the market began climbing immediately, known at the time as the “Trump bump”. Well at this point I thought that I better not buy in at the high but rather I should wait for their to be a dip to buy back in. I can’t remember if it were several weeks or several months but there was no meaningful dip. I ran some numbers and found that had I kept everything invested I would have gained $80k over that few month window. Once I realized what a dumb mistake I had made I decided to dollar cost average back into the market.

I’ll never liquidate like that again unless of an actual emergency.
This message has been modified
Originally posted on Oct 31, 2024 at 12:32:57pm
Message modified by Zach Morris on Oct 31, 2024 at 12:40:16pm
Zach Morris
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Zach Morris
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