I agree OL (well, maybe not with the coffee can part) I'm 5 years away from retirement. Dumped most of my stocks when Donnie started threatening his stupid trade war with China. Saved me a bundle.
Really? I think you need a new financial planner. The one you have now lied to you.
Trump announced the threat of the trade war on November 12th, 2019. On that day the markets closed at:
The Dow Jones Industrial Average (DJI) gained 10.25 points to
close at 27,691.49.
The S&P 500 decreased 0.2% to
close at 3,087.01.
Nasdaq Composite Index
closed at 8,464.28, slipping 0.1%.
Before the coronavirus sell off, on Feb 12th, the markets closed at:
The Dow Jones Industrial Average
highest closing
record is 29,551.45
S&P 500 rose 5.66 points, or 0.2% to close at of 3,357.75.
Nasdaq Composite Index closed at 9,638.94, gaining 10.55 points, or 0.1%.
So that means during his "trade war" threat the DOW went up almost 2000 points. The Nasdaq went up 1200pts and the S&P 300 points.
So I hate to tell you, it didn't save you a dime getting out then. You lost quite a bit of money.