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People are saying that stocks now are at their high, so as your mantra tells you, sell them now. Then sit on the cash until the stocks are at their low and re-buy them all back. Just as your mantra says.
But the problem with that plan is that historically nobody has done a good job of catching the high or the low. It is easy in hindsight to see when a high or low occurred but it is very hard in real time.
The rest of it was: invest for the long term, not every single time you see a drop coming - you don't invest for a week, month, or year, I said. What I meant by "buy low" is, if a drop is coming, then why the hell would I sell now? If a drop is coming, that means that I can buy even MORE of what I have for my long term investment, when that drop happens.
funny how everyone has the same vision of pulling out at the top and getting back in the bottom.
sooooo easy right? yet look at the results of study after study how few can get ahead vs just buying, staying the course and managing their portfolio through adjustments and rebalancing.
it reminds of of those who are always gunshy of losing money because the market is a risky place in their eyes . well eventually the markets can fall by 1/2 and they would still be behind where markets fell to by avoiding risk all that time.
I've been lucky so far and never panicked during the last two crashes. I kept buying. Hopefully that trend continues...
eventually you reach a point where the new money coming in is very tiny in comparison to what you have. any drops add little value after a while since your buying is less and less of a percentage compared to what you already have invested.
i max out my 401k but at this stage it is far less than even 1/4% of what i have invested so bear markets do little to add value . they hurt more than help.
for any retiree pulling out money to live bear markets can be killer.
better to wish for other things than a crash. a severe enough crash could mean the end of ones job too.
People, just because the S&P went up another 20 points
since I posted doesn't mean you shouldn't GTFOASAP.
I meant this generally. Not on a one-week timeframe.
You can't ask for a better price to get out or trim your
equity positions. Really. Walk away for a while. My 2 cents.
People, just because the S&P went up another 20 points
since I posted doesn't mean you shouldn't GTFOASAP.
I meant this generally. Not on a one-week timeframe.
You can't ask for a better price to get out or trim your
equity positions. Really. Walk away for a while. My 2 cents.
It's up over 40 points since you started the thread
People, just because the S&P went up another 20 points
since I posted doesn't mean you shouldn't GTFOASAP.
I meant this generally. Not on a one-week timeframe.
You can't ask for a better price to get out or trim your
equity positions. Really. Walk away for a while. My 2 cents.
ROFL! Yeah right lol. Based on your other posts and this one, it sounds like you havenMt made the wisest decisions so far. Instead of learning from them you make excuses... you are only hurting yourself fyi.
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