Originally posted by TTRGuy
stock prices are low, its time to buy
Mutual fund managers and their staff have every possible tool at their disposal to help them make ideal choices in when to buy and sell stocks. They can't beat the averages consistently.
Any other guestimate at downside or upside is merely speculation and nothing more.
Start an index fund if you haven't already and put the most that you can possibly afford into every month with the intent of increasing that amount annually.
For anyone who's been paying close attention, the model's record speaks for itself.
Originally posted by linusb
The fact is: No one can reliably predict what the stock market is going to do tomorrow, next week, or next year.
Afterall, ANYONE can make money in a good strong bull market, as evidenced by the late 90's.
I've lost most of my excitement for the market. I guess a bear market will do that to you.
It's not a precision timing model...
Originally posted by Vic
Anyone who believes that I am an idiot or that this is all a big waste of time, may feel free to ignore this thread.
To date the only active involvement I have had is to put money into my SEP. There is no latitude as far as individual investments, only fund groups available; so, almost by accident, I am in groups that have lost but my losses are less that the norm.
Just for fun, and to be fair, try picking another date, like April 01 to Sept 02, a period of only a bit more than a year, when the Dow went from 11,500 to 7025 approximately. Sadly, many people did get in at this time, and lost just about everything.
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