The situation
Thursday last week the market plunged
Friday the people on margin had their accounts closed
Monday there were mixed messages
Today the tariff war heated up more
The markets may need 1.5 years to get to a bottom.
@Hawkwin I get you are some sort of market profession. Perhaps a CFP.
Do not expect a CFP to know how do deal with this at all. That is not a CFP’s job. He or she is clueless and inexperienced because losing clients by cashing out with them as advice won’t happen.
CFPs are leading a lot of people right now to lose their retirements.
I will say it differently. Years of putting people in vehicles taking their money and when it matters not a clue. Not a second look to figure it out. It is not an honest profession for one second. It is using people disgracefully. Way over paid. Greedy.
The market tools, the names of products, the product histories etc…so what? That is not important when the tide goes out.
As Buffett says, “When the tide goes out we see who was swimming nake”. The sad thing plenty of older swimmers are having their togs ripped off.