Quote:
Originally Posted by DaneMcCloud
If you do that nd the market crashes again, you'll be lucky to ever see half of that money, ever again.
Take it for what it's worth but I if were you, I'd invest it conservatively outside of an uncontrollable company IRA.
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A lot of people had that attitude and sold at the absolute bottom 3 years ago, completely missing the rebound, and again last year at another low.
I do not believe in market timing
AT ALL. People who try to get cute with timing buy high because they read the news about how awesome the market is now and they want to get in on that, and sell low because they are depressed and think the dow is going to zero, and they lose money.
Since the great depression, the market (including dividends) has never lost money over any 10-year time span. Since the depression, the market has never made less than inflation in any 15-year time span.
I have roughly 30 years. I'll think about pulling back when I've got less than 10 years left. Buy and hold, diversify, mutual funds, rebalance every once in a while, and laugh at bad news. When the market crashed a few years ago, I doubled my contribution.