Retirement? What Retirement!
I know I’m not alone and misery loves company, but still….
This is where I’ve had the bulk of my retirement parked for more than 30 years. It’s currently selling at 7.17 a share. About a year ago it was selling for more than $20 a share.
I’ve tried educating myself about this stuff many times, but it doesn’t seem to sink in very deeply. A friend of mine says that as long as the prices continue to fall, the number of shares increases. If you aren’t buying additional shares, is this true? She told me this because she claims when you hit bottom you’ll have more shares so the DJIA doesn’t have to bounce back to 14,000 in order to recoup losses.
Can anybody explain this to me?!