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<p>[QUOTE=&quot;masterswimmer, post: 7363087, member: 102022&quot;]That&#039;s very noble of you to say that, but you know that&#039;s not how it works. I&#039;ve been reading your posts for quite some time now. You&#039;re obviously extremely knowledgeable in the financial field. You know as well as I do that the typical retail investor is not savvy enough to understand that when the prices are falling, that&#039;s when they should be buying. Time and time again they want to jump on the bandwagon and buy on the ride up. The exact opposite of prudent investing philosophy. </p><p><br /></p><p>Last March/April was a perfect example. A plethora of the little guys bailed out, at least partially, on the drop. I was like a pig in slop during March/April. I couldn&#039;t find enough free cash to dump into the market. My utter shock was that the recovery took virtually &#039;hours&#039; to come back. I was buying with the anticipation of the recovery taking at least a year or two, possibly longer to happen. Like it always does. Fortunately I was quick enough with my reaction time buying on the low. The low was so brief most people missed the dip because it recovered so fast. I definitely got lucky. </p><p><br /></p><p>My point is, it&#039;s human nature to want to get out when it looks like things are turning south and getting bad. People want to try to preserve the capital they&#039;ve accumulated. In doing so they miss the big picture and lose the opportunity to use the dip to dollar cost average down. The same occurrence happens with PM&#039;s as it does with stocks, mutual funds, ETF&#039;s, etc.</p><p><br /></p><p>No matter how many times Warren Buffett says, &#039;when everyone&#039;s selling, I&#039;m buying&#039;, people just don&#039;t listen.[/QUOTE]</p><p><br /></p>

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