Quote:
Originally Posted by CouponJack
If anyone's a long term investor, I think this is reall bad advice.
Think about it, you have 20 years left and your trying to time the market? If you look at the big picture, your losing purchasing shares that are pretty low and the power of compounding 20 years later.
Right now our current situation will be a blip on the screen. I view what the media says as all "noise"...
If you only have a couple years left to retirement and are looking to start withdrawing money, then yes I think its prudent to start shifting into more conservative investments...otherwise your really losing out, falling victim to a knee jerk reaction of what the current market is doing.
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Agree. They falling market (either driven by reality or hype) is a perfect time to be buying thru dollar-cost-averaging. Forget the market timing. Just dollar-cost-average and use time to your advantage.
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