Long rant that ends with my concerns with Pete Buttigieg

[oldsoftie]

3. You only lose real money when you SELL. You shouldnt invest money you may need.

When the market tanked in '08, I "lost" much of my 401k. But I was 45ish. Just left it alone; kept contributing (at the much lower prices) and the Obama stock run gave me back all the "losses" and a healthy return above that.
If you're older, you shouldnt have the majority of your money in risky stocks. But people dont want to miss out on what they see going up so they take the risks anyway.
We HAVE to be disciplined. But its hard.
Anyone over 65 would certainly take that 5% CD rate today, thats for sure.