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<blockquote data-quote="Ryder" data-source="post: 507421" data-attributes="member: 663"><p>This is the best single piece of advice you are going to get.</p><p></p><p>Stocks go up and stocks go down. Don't let anybody tell you they don't go down.</p><p>Some will tell you that stocks go down, but they always go back up. I will tell you that stocks go up, but they always go back down.</p><p>They will show you charts (graphs) of how well the market has done over the long run. Ask them if you had bought at the high in1929 how long it would have taken you to get back even.</p><p></p><p>Then they will tell you that things have changed and it can't happen today. Then tell them they are stupid if they believe that. (That is nicer than telling them they are lying.)</p></blockquote><p></p>
[QUOTE="Ryder, post: 507421, member: 663"] This is the best single piece of advice you are going to get. Stocks go up and stocks go down. Don't let anybody tell you they don't go down. Some will tell you that stocks go down, but they always go back up. I will tell you that stocks go up, but they always go back down. They will show you charts (graphs) of how well the market has done over the long run. Ask them if you had bought at the high in1929 how long it would have taken you to get back even. Then they will tell you that things have changed and it can't happen today. Then tell them they are stupid if they believe that. (That is nicer than telling them they are lying.) [/QUOTE]
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