This meant that investors were withdrawing money from stock funds faster than they were putting it in, something that hasn't happened in eight years. And ICI data show that positive cash flows weren't restored until the following month, when stock prices were rising. In other words, investors didn't start putting money back into stock funds until the funds had already recovered from their losses. Ordinary folks and government workers displayed equal stupidity. And people wonder why they never make any money from their investments.
Past performance is no indication of future results.
Any assertion to the contrary is a federal offense. Yet investors insist on ignoring this point. If you're going to invest in stocks or stock funds, you must be willing to hold onto them, no matter what. If you are unwilling to do that, don't own them at all. That's why during tough times like now, it's more important than ever that you stick with your plan for achieving financial success.