@BostonByBirth He did contribute. He contributed to you and made your mind more; although you will have to wait to see him again. You aren't long for this world so his time being but a vapor must be made manifest in the love you portray to those around you darling brother.
Never forget what they took from you. This hobby used to be Peter Cushing in a smoking jacket. Look at it now. We can make this a gentleman's hobby again, though.
@GigaBasedDad Catholics must use the Catechism to be sound. Paragraph 846-848.
Also, paragraphs 1987-1995 under Article 2 ("Grace and Justification").
Protestants, use the 1646 westminster view of Sanctification and Justification.
This is what creates differences in views on who is going🤌
The S&P 500 is down 6% over the past month.
The fear and greed index is flashing extreme fear.
But here's what Peter Lynch, the second best investor of all time says about times like these...
During his 13 years running the famed Magellan Fund, Peter Lynch generated average annual returns of 29.2%. That turns $10,000 into $279,520.
In his famous 1994 lecture at the National Press Club, Lynch said:
"History teaches you the market goes down. It goes down a lot. The math is simple. There have been 93 years this century. The market has had 50 declines of 10% or more. With 50 declines in 93 years, the market falls at least 10% about once every two years.
Of those 50 declines, 15 have been 25% or more. We’ve had 15 declines of at least 25% in 93 years, so every six years, the market has a 25% decline."
Of course, no one knows exactly when the market will turn lower. You just need to know that it will.
Lynch again:
"It’s good when the market goes down. If you like a stock at $14 and it goes to $6, that’s great... You hope for $22; $14 to $22 is terrific, $6 to $22 is exceptional, so you take advantage of these declines."
$14 to $22 is a 57% gain.
$6 to $22 is a 266% gain.
The key, Lynch says, to taking advantage of market volatility is understanding what you own.