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<p>[QUOTE=&quot;RonSanderson, post: 6655301, member: 77413&quot;]I am so sorry to hear of your costly experience.</p><p><br /></p><p>I am also with the same brokerage.</p><p><br /></p><p>My broker and I agree on a long-term panic-free approach. The market took a dive several times over my career: dot com bubble, housing bubble, covid crash, and even the occasional expected 10% correction now and again. </p><p><br /></p><p>The best course has been to keep investing via my 401K at a steady pace. I always took advantage of company matching to increase my own contributions. And I kept at it, increasing the percentage whenever I got a raise. For a long while I put in 12 percent and had matching contributions of another 10. </p><p><br /></p><p>But I have stayed the course. I went way down last March on the corona scare, but let it ride. I have gained back twice as much.</p><p><br /></p><p>My broker and I agree on a long-term goal and there is no reaction to short term events. He put me into no load bond ladders and set up a no-load stock portfolio that mimics the more costly mutual funds. He is well worth the money.</p><p><br /></p><p>This has given me an expected retirement income that is greater than my actual current income. I could retire today and get a raise!</p><p><br /></p><p>But if you have a mindset that you cannot stomach a brief correction of even a few days, you should sign up for the online interface. You can sell off your stock if you get jittery. But you shouldn’t. </p><p><br /></p><p>You should have received guidance through email, as I did, about their projections for growth in the coming year, and you may have decided to hold steady. I did, and today my net worth reached a new lifetime high. I just had to wait a week for the market to straighten out again.</p><p><br /></p><p>I am not belittling your loss or the emotional impact it had on you both. But I offer my experience if it helps you, or anyone, in the future.[/QUOTE]</p><p><br /></p>

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