The Paul Merriman Interview #252
Informed Decisions Independent Financial Planning & Money Podcast
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Investing in a Mutual Fund
I know somebody who cashed out their account in 1987. Right before the 22% one day crash on October 19, 1987. But they had to pay for a house and they didn't want to borrow money. They hadn't sold their their present house yet. Instead of borrowing that money to buy the new house, they cashed out. Now, did that cash out have an impact on their life? Absolutely. It's not something we can quantify because because we can't know. If everybody could look at investing in that way, it would simplify enough of other things for an awful many people.
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