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In These Unprecedented Times, Financial Experts Are Giving Us the Same Old Advice…Should We Listen?
Maybe it’s time to stop pretending it’s business as usual
Don’t panic, they say. Investing is a long game. Do not sell.
It’s on social media. In our E*Trade newsletters. In conversations with our financial advisors.
“That’s what we’re here for,” my friend’s advisor said in a recent email. “We’re the only thing standing between you and one moment of panic that could erase the last twenty years of growth in your portfolio.”
But no. I’m calling bullshit. I feel like we’re being so gaslit right now, we need a new term for it.
We need to stop talking like it’s business as usual.
Because for the first time in history — it’s not.
Let’s start with the basics. The people panicking the most about this are the elder millennials, Gen Xers, and Boomers. Why? Because we’ve spent our entire lives feeding into our retirement funds.
We’ve already been playing the long game through some incredibly damaging downturns including the 2008 economic crash and COVID.
We’ve taken the hits, and some of us are no longer at an age where we can ride out another major…
