Tom Bradley: The not so good news was that the stock market collapse had taken a significant portion of his retirement savings, according to The Toronto Star. Fearing things could get even worse, he locked in his losses by selling a lot of his holdings. The good news was that he was a doctor and would be well paid for what he did. As it turned out, he sold at pretty much the point of maximum pessimism, and soon after things began to recover. Instead, he missed all of the gains that followed by making a hasty decision at the wrong time.I was reminded of the story this week while reading two books by Tom Bradley, who co-founded Vancouver-based Steadyhand Investment Funds. My friend father would have done very well if he’d hung on.
(news.financializer.com). As
reported in the news.
Tagged under Tom Bradley, retirement savings topics.