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There is never one single reason for the overall stock market going up or down. Its usually for many reasons that each contribute to the rise or fall.
That is true and that's why I made the call for a decline back in September, which as you never tire of letting me know, was a bad call. Nothing is making sense right now, but I will remind you that things were flying high in 2007 as well, and then we hit 2008 and Bear Stearns had to be rescued from bankruptcy and Lehman Brothers ceased to exist, and the S hit the fan, quickly.
People who stayed in the market in 2008/09, not selling, not panicking, and kept contributing to their retirement and other brokerage accounts as normal, year after year, not only did fine in the next decade+, they did great!
The secret is not trying to time the market, not panicking when a crash occurs, and continuing to contribute for the long term.
This one strategy has allowed many to retire, even early.
That is true and that's why I made the call for a decline back in September, which as you never tire of letting me know, was a bad call. Nothing is making sense right now, but I will remind you that things were flying high in 2007 as well, and then we hit 2008 and Bear Stearns had to be rescued from bankruptcy and Lehman Brothers ceased to exist, and the S hit the fan, quickly.
Yeah, just wait till everything looks perfect THEN invest.
And what happened to your buddy from Chicago ? he was all panicked as well, mocking me for not selling calls when S and P was at like 3800!
Barking out the days headlines and worse investing based on them is a recipe for financial suicide. We have decades of evidence that shows that!
Yeah, just wait till everything looks perfect THEN invest.
And what happened to your buddy from Chicago ? he was all panicked as well, mocking me for not selling calls when S and P was at like 3800!
Barking out the days headlines and worse investing based on them is a recipe for financial suicide. We have decades of evidence that shows that!
No, I didn't say wait for perfection, and I don't know what Chicago buddy you are talking about either (Heart?) I've stopped trying to figure out short term movements.
No, I didn't say wait for perfection, and I don't know what Chicago buddy you are talking about either (Heart?) I've stopped trying to figure out short term movements.
My Kind Of Town was his name....you two were absolutely giddy on every correction ( which are a feature of the market, not a bug)
You're a headline watcher, you've demonstrated that over and over again. It's all noise. Charlie Munger just died, listen to his comments over the decades on that. You'll be better off.
Yeah, just wait till everything looks perfect THEN invest.
Yep. This is the sign of a true market amateur. They always think its smart to wait until everything looks perfect with no risk. But by that point the big gains are already long gone and the markets are priced for huge corrections. If it was as easy as watching headlines and waiting for the risk to be gone everyone would be rich off stocks. As Buffett best said, "invest when others are fearful."
That is true and that's why I made the call for a decline back in September, which as you never tire of letting me know, was a bad call. Nothing is making sense right now, but I will remind you that things were flying high in 2007 as well, and then we hit 2008 and Bear Stearns had to be rescued from bankruptcy and Lehman Brothers ceased to exist, and the S hit the fan, quickly.
after being declared dead as an asset class the stock market soared way beyond anyone’s expectations in the early 1980s
well there were few investors who didn’t say we were in the proverbial bubble after the quick run up we had .
little did anyone know that bubble was the start of the biggest bull market in history , with 17 years of almost 14% cagr.
thinking one knows what’s next and basing investment moves in or out on it has been a losing game forever
If you want to compare today with 2008,then lets talk about gold. Back then no one seems to care about gold,but look at it now.
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