I’m sure there were people laughing at those who cashed out six months before the tech bust. Sure, they missed the last bit of the run-up but they also missed the much steeper fall. Like PS, I’m happy in my safe investment for now.
Just about everybody we knew thought we were crazy to sell our house. One neighbor laughed at me and told me that our houses would be worth double in five years. My mother thought we were fools. The tune is changing.
If the water suddenly recedes a half mile out to sea, should you rush out onto the revealed sea floor to pick up the pretty shells?