A few years ago, we had an investment that had been enough to pay for most of our daughter's college education.When the market started to fall, and my investment dropped $1000.00, I phoned my agent and asked him to do something to protect my investment.
He told me that the market fluctuates, I shouldn't worry, and that there is "NOTHING WE CAN DO"! I watched that investment fall to less than half of what it was, barely enough to cover two years tuition.
I know now that all he had to do was slide the money to "cash". My brother and I had the same amount at the same time. HE knew that there was a "cash" option.
His investment is now worth $150,000.
Mine is down to low $40K, just about what we initially invested in '98.
Monetary Loss: $45.