Dear Pete,

I’m embarrassed to say I panicked at the end of March and sold all my investments and went to cash. Before I knew it, the market was on the rebound. I kept assuming the market would crash again and give me a chance to buy back in, but whenever the market went down, I never thought it was enough of a decline to justify buying back in. I’m 55 years old and have about $600,000, down from $960,000. Did I just ruin everything I’ve worked for? I’m really upset and don’t know what to do.

Richard

Charleston, S.C.

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