I lost 30% in the GFC just like nearly everyone except those that caused it. But guess what ? I made it all back in time through reasonable diversification.
Trying to be clever and beat the market will only end up in tears- unless you get lucky.
Diversification and ultimately going to cash as you approach quitting time is really the only educated strategy.
Last edited by Sonny Hammond; 1st Feb 2013 at 11:21.