I came across a statistic so surprising it was hard to believe: During the recent market downturn, according to Fidelity Investments, approximately 15% of investors sold all of their stock holdings. And among investors age 65 and older, nearly a third sold all their stock market investments. It was a discouraging figure, meaning that large numbers of people had picked exactly the wrong time to abandon their investments. Fortunately, the figures were corrected a few days later. The actual numbers turned out to be far smaller. That’s good news since the stock market recovery, like the downturn itself, was the fastest ... (full story)