When I was a financial advisor with Merrill Lynch, I was working with a couple who worked for Nextel. It was following the tech bubble burst of 2000/2001 and we were discussing diversifying their holdings to provide for their future. Their net worth at the time was roughly $2 million, down from a peak of about $3.7 million as a result of the depressed stock. They agreed with every recommendation, but added, “We want to wait for the stock to recover before we do this. I just can’t bring myself...
