Investors who shifted to cash after first 25% loss of 1929 #stocks crash faced 34yr wait to breakeven vs 15yr if remained invested vs less than 7yr if dripfed extra small amounts in.
More here https://www.schroders.com/en/insights/economics/downturns-this-deep-can-take-a-long-time-to-recover-from-financially-and-mentally/
@MerrynSW @John_Stepek @iancowie #investing #personalfinance

@ClaireWalshSPW @ionayoungmoney @_simonlambert I thought you might all find this interesting. Decisions people make today will have long term consequences. The mental scars of what we are living through will be with us for a generation, but the financial scars need not be.

@awealthofcs @michaelbatnick @ReformedBroker thought you guys might find this interesting