Lost $1,000,000 With This Investing Mistake | Wealthy Idiot Reacts

Debbie wrote in to the Dave Ramsey show explaining how she lost money with her investment strategy and what she did in the 2008 crash. Her decisions lost her over $1,000,000!!! People make the worst decisions when acting emotionally when it comes to money and investing. AJ has made the same mistake as Debbie but only lost a few thousand.

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00:00 Introduction
01:43 Start Ramsey React Video
02:30 Debbie could not have lost all their retirement in 2008
05:05 Dave Ramsey shows how Debbie paid an opportunity cost of over a million
06:00 Everything is on sale! Now is the time to buy!
07:39 Dollar Cost Averaging
08:05 Graph showing S&P 500 from 2006 to today
09:19 Overlayed Dollar Cost Averaging over the chart
11:13 What can you do?
12:07 Conclusion