There's something to be saidfor sticking your head in the sand and ignoring reality. (Photo:Shutterstock)
The 2008-2009 market downturn was the worst fall inthe memory of most investors. When they opened their 401(k)statements in the first quarter of 2009, many investors panicked.They committed the second-worst sin an investor can commit: Theysold low. (The worst sin is buying high.)
Are we headed for a repetition of this history? We are about tofind out (see “4th Quarter Fallout: Mistakes 401k ParticipantMight Make After Reading Their Latest Statement,”FiduciaryNews.com, January 29, 2019).
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