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When is the best time to get out of a mutual fund?
After a recent stock market dip, Ian Bloom, a financial planner in North Carolina got a panicked call from a VIP client: his mom.
“I have to sell everything!” she told him.
He assured her, as he does all his clients, that if she did she would lose much more than she would gain, because they had created a financial plan that already accounted for market sell-offs.
Now would come the hard part: sticking to it.