Comments by "wholeNwon" (@wholeNwon) on "Charlie Munger: How to Invest During a Recession" video.

  1. There's nothing wrong with average results. So few manage to achieve that. The best advice, esp. for young people, is to continue to purchase the S&P 500 through an ETF at the lowest possible cost (management fee), reinvest the dividends when paid and allow the mathematical miracle of compounding over TIME to do its work. NEVER sell...NEVER.. This is the surest route to wealth in equities. Never listen to talking heads, advisors, brokers, etc. NEVER try to time the markets. There will be times in a long life when the paper value of your holdings will decrease by 50% or more. You lose nothing unless you sell. In fact, it's best to look at your portfolio once a year at tax time and that's all.
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