Reply To: 6:06 AM…I already voted

Golfer……………

Old people get nervous when they see their portfolio drop in value and need hand holding.

I have a $20 Million dollar trust I administer that took a $3 million hit overnight, recovered 1/2 of that during the trading day. I reminded the client that these are not items bought for sale or short term holding, but income and long term growth for grand and great grandchildren. We’ll ride it out as we did the Bush recession of 2007/8.

That said, I needed to spend more than 4 hours today on the phone reassuring clients, most of whom I don’t hear from more than once a year.