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goodDayM t1_j3o8ek8 wrote

Reply to comment by ObtotheR in Woman sentenced to three years in state prison for collecting $400,000 in viral GoFundMe scam by AudibleNod

> his retirement 401k practically disappeared.

Out of curiosity, what did he choose to invest in? Did he choose to go all-in on one or a few stocks? Or did he choose to sell all his investments near the bottom in spring 2009?

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Jkay064 t1_j3oriu0 wrote

That’s an easy one to deduce. The poor old guy panic-sold at the bottom. A guy who rode the commuter bus with me did the exact same thing.

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goodDayM t1_j3oz1mo wrote

Sure that was my guess too, but I thought I'd ask him. And in that case, if they just rode it out instead of panic selling they would have been fine.

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