AT LEAST ONE LISTENER DIDN'T COMPLETELY GET TOM'S POINT ABOUT INVESTING AND THE PANDEMIC in our last episode. Now, his question is a good one. Listen and find out what he (and maybe you) didn't understand.
JohninLA wrote, "As a long time listener, if I understood you correctly, you regretted selling your positions after the 87 crash. Thereafter, you've taken a disciplined approach of dollar cost averaging into the market. So why are you deviating from your discipline, and selling your riskier assets? You may be repeating the same mistake you made in 87. You're making a lot of assumptions about there being a 2nd surge of Covid cases, and about the riots lasting all summer long. What if you're wrong? What happens if S&P 3000 is the new bottom?"
Agree or disagree? Tell Tom: email@example.com.