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its probably not such a bad idea when it comes to individual stocks. something significant could happen any moment and you wont know for a while if you dont read about the companies. but if you own mutual funds, you can be more hands off about it.
as i say ,the markets really are a mechanisim for taking money from the impatiant and giving it to the patiant.
as i say ,the markets really are a mechanisim for taking money from the impatiant and giving it to the patiant.
Good point, but as most people know, the last decade was called the lost decade. If you invested all your money in Jan of 2000, you are negative 15% today, well more like 25% with inflation included.
Everyone thinks Warren Buffet is one of the best investors on earth, but one thing i can surely say is this. The man is old. If you start as early as him, you will likely ended up not a billionaire, but a millionaire even if you have no ideas about the stock market but have some faith.
Good point, but as most people know, the last decade was called the lost decade. If you invested all your money in Jan of 2000, you are negative 15% today, well more like 25% with inflation included.
Everyone thinks Warren Buffet is one of the best investors on earth, but one thing i can surely say is this. The man is old. If you start as early as him, you will likely ended up not a billionaire, but a millionaire even if you have no ideas about the stock market but have some faith.
No one I know invested all their life savings in the "market" on January 2000....
Your example shows you have no idea what you are talking about when it comes to long term investing.....
Most long term investors who outperform have a variety of diversified low cost tax efficient investments talyored to their risk tolerance and rebalance accordingly.
No one I know invested all their life savings in the "market" on January 2000....
Your example shows you have no idea what you are talking about when it comes to long term investing.....
Most long term investors who outperform have a variety of diversified low cost tax efficient investments talyored to their risk tolerance and rebalance accordingly.
I am not arguing with you regarding to this statement.
Quote:
Most long term investors who outperform have a variety of diversified low cost tax efficient investments talyored to their risk tolerance and rebalance accordingly
I am talking about a fact, just a buy and hold example according to some of the best investors.
I don't believe in "blind" buy and hold strategies. I believe in evaluating the specific stock/company, setting a target price and holding until the stock reaches that target price. Simultaneously, you need to read the news of that stock each day in case something major develops for the good or worse. Don't panic when the market is falling if there is no significant news involving your stock. There are many stocks if you bought in 2000, you would have massive returns today. I always like to be the driver if it's my car, which is why when it comes to my money, I want to be the one choosing which stocks I'm investing in vs giving control to an ETF or mutual fund.
I don't believe in "blind" buy and hold strategies. I believe in evaluating the specific stock/company, setting a target price and holding until the stock reaches that target price. Simultaneously, you need to read the news of that stock each day in case something major develops for the good or worse. Don't panic when the market is falling if there is no significant news involving your stock. There are many stocks if you bought in 2000, you would have massive returns today. I always like to be the driver if it's my car, which is why when it comes to my money, I want to be the one choosing which stocks I'm investing in vs giving control to an ETF or mutual fund.
I invest in mainly low cost index funds but i am far from a blind investor. I actually have much more clarity than most because i know i wont achieve the highest returns however i take what the markets give me...also, i dont just 'set it and forget it'.....rebalancing is very important.
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