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Yes, if you don't have money to invest, you cannot invest. What's your point?

The point is recessions aren’t opportunities for everyone and can be extremely damaging. If you have to spend that 50c on the dollar, you’re doubly screwed. You don’t get to buy at a discount and your savings are depleted much faster - twice as fast actually.

Well, for one, if you have a solid idea that the market is going to crash, and that you're going to soon not be able to invest more, and that in fact you're going to have to draw down your investments to survive, then now is a better time to sell than later.

That's a lot of ifs, but that's precisely what we're discussing - how best to behave in different circumstances. "Always hold" isn't the best answer in all circumstances, despite what many in this thread are saying.

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