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Please give me the name of your crystal ball dealer. I want one just like it!
who need a crystal ball
fact the stock market was at 1500 in the 80's
fact the stock market was at 14k in 2007
fact it dropped in 08/09
fact what goes down will come up. unless the whole kittenkaboodle calapses for ever
the stock market dropped down to 6k..anyone with a brain would know it was the time to ADD to the pot..if you normally invested a 5%..raise it up to 10% (etc)...now the stockmarket is back to 13k..which means even without increasing you have made back most of any losses....
btw..there are NO LOSSES until you cash it out...if you buy at $1..and it goes up to $100, then falls back to $50..you still have a 5000% increase in you initial investment
Nobody can say for sure what will happen in the future, the best we can do is make our best guess based on what we know and what has happened in the past. One can make a reasonable case that having part of your investment portfolio in the stock market is a solid strategy.
I'd love to get a peek at the books of all these people in forums who spend year after year predicting collapse of the dollar, stock market collapse and hyperinflation right around the corner. If they made personal finance decisions based on their own wisdom they would be far less successful in accumulating net worth, and should be the last to be offering any advice.
fact the stock market was at 1500 in the 80's
fact the stock market was at 14k in 2007
fact it dropped in 08/09
fact what goes down will come up. unless the whole kittenkaboodle calapses for ever
the stock market dropped down to 6k..anyone with a brain would know it was the time to ADD to the pot..if you normally invested a 5%..raise it up to 10% (etc)...now the stockmarket is back to 13k..which means even without increasing you have made back most of any losses....
btw..there are NO LOSSES until you cash it out...if you buy at $1..and it goes up to $100, then falls back to $50..you still have a 5000% increase in you initial investment
We aren't all in a position to invest at the exact right time!
We aren't all in a position to invest at the exact right time!
If you only had $100 to invest in 2008 when Pier One Imports was at .25 a share, today that $100 would be worth $6564. Not gonna make you rich, but for those claiming that it was nigh impossible to save up 30 grand, all they would have needed was $500 4 short years ago.
(For the record, I bought at .28 a share and sold at 13.50)
fact the stock market was at 1500 in the 80's
fact the stock market was at 14k in 2007
fact it dropped in 08/09
fact what goes down will come up. unless the whole kittenkaboodle calapses for ever
the stock market dropped down to 6k..anyone with a brain would know it was the time to ADD to the pot..if you normally invested a 5%..raise it up to 10% (etc)...now the stockmarket is back to 13k..which means even without increasing you have made back most of any losses....
btw..there are NO LOSSES until you cash it out...if you buy at $1..and it goes up to $100, then falls back to $50..you still have a 5000% increase in you initial investment
Yes, but there were those who had saved all their lives and were heavily in the market when it started downwards. They did not have all those years of accumulated money to invest to make up for it later.
It is best to be very conservative towards the end of your working life. People are in different situations.
Yes, but there were those who had saved all their lives and were heavily in the market when it started downwards. They did not have all those years of accumulated money to invest to make up for it later.
It is best to be very conservative towards the end of your working life. People are in different situations.
If you are that close to retirement you should not be heavily invested in equities, not in this market.
Those that were were either greedy (need higher return) or lazy (can't be bothered rebalancing) or ignorant (oh, some brokerage firm named Lehman closed).
While they might have "worked hard" they left their money on auto-pilot and bought into the mantra that everything just goes up and up and up and never down.
If you have any money invested on Wall Street then you have to pay attention to what goes on around you and around the world.
If you only had $100 to invest in 2008 when Pier One Imports was at .25 a share, today that $100 would be worth $6564. Not gonna make you rich, but for those claiming that it was nigh impossible to save up 30 grand, all they would have needed was $500 4 short years ago.
(For the record, I bought at .28 a share and sold at 13.50)
Yes. It would have been nice to have been psychic then and known that Pier One Imports would hang in there and do so well. I'm sure that a lot of businesses that others felt just as strongly about have failed since then.
I know people in a very specialized technical field and even they cannot pick winners that well. You are a very lucky fellow. Was it not Freud who said we most often make decisions on some sort of intuition and then our conscious mind will rationalize concrete reasons for the decision?
Generally, those who pick winners also pick losers but ignore the latter in conversations like ours.
We aren't all in a position to invest at the exact right time!
This comment perfectly reflects the widespread but incorrect belief that you need to be able to 'time' the markets in order to use them to your advantage. The way of thinking revealed by the statement could not be more wrong.
Quote:
Originally Posted by goldengrain
... I know people in a very specialized technical field and even they cannot pick winners that well. You are a very lucky fellow. Was it not Freud who said we most often make decisions on some sort of intuition and then our conscious mind will rationalize concrete reasons for the decision?
Generally, those who pick winners also pick losers but ignore the latter in conversations like ours.
You cannot 'time' the stock market, but you do not need to and you shouldn't even try to.
Contribution, Allocation, Diversification, and Re-balancing - that's about all you need to know.
Yes. It would have been nice to have been psychic then and known that Pier One Imports would hang in there and do so well. I'm sure that a lot of businesses that others felt just as strongly about have failed since then.
I know people in a very specialized technical field and even they cannot pick winners that well. You are a very lucky fellow. Was it not Freud who said we most often make decisions on some sort of intuition and then our conscious mind will rationalize concrete reasons for the decision?
Generally, those who pick winners also pick losers but ignore the latter in conversations like ours.
Au contrair. Even when I pick a "loser", I'm savvy enough to turn it into a profit (either via covered calls, spreads, averaging down, etc.).
And I'm in a very specialized technical field, and you know where I make most of my money? Tech stocks. I almost have to *try* to lose money picking those. Stick with what you know, they always say.
Again, those who attribute success to mere luck are those who are most looking for an excuse as to why they don't attain success. Luck has very little to do with anything. Luck is just something made up by people to rationalize their own failures. According to you, I was "lucky" when I rode the dot-com boom all the way up, "lucky" that I got out just before it crashed, "lucky" that I rode it back up after that recession, "lucky" that I shorted the market near the top before the last recession, "lucky" that I got in just before I started to rise again, and continue to be "lucky" in how I evaluate the market even in these turbulent times.
I must have a whole bevvy of rabbit's feet I sleep on, according to you. Sorry mate, but luck has nothing to do with it.
^^Don't break your neck falling off your high horse. A friend of mine who is childess was talking to her brother, who has two kids who at the time were both in college about some great investment she had discovered. When he said he wasn't interested, she asked him what he was investing his money in. His answer: "tuition".
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