|
I'm not one of the old-timers around here, but if you're looking for opinions, this all seems like terrible advice.
Of course it's market timing, which is why he couldn't explain otherwise. Even worse, it sounds like he's advising you to sell low, then buy high later. Exactly how is that going to make you better off? At least if he's going to market time, he could be telling you to buy now while it's cheap!
When do you plan on needing this money? I don't have any good ideas for helping your DH not to panic, but wow, following any of this advice seems guaranteed to make things worse.
__________________
|