Quote:
Originally Posted by Over Yonder
These times are when I am glad I am 100% cash. I don't have the gambling mentality. If I even lost 5% in a short period of time, I would probably stroke out and die right there! Then, I would have no retirement.
That's my way of looking at life  |
Sitting in cash allows your to be eaten up by inflation in no time, especially if your timeline is a decade or more. The $10k you saved in 2004, is not worth anything close to $10k in today's money.
You realize if the market corrects 10-15% this week, people are still sitting with more money than they had a year ago? Factor in compounding interest over decades and it's very hard to lose money in the stock market with consistent investing across mutual funds, ETFs and indexes. Dabbling in individual stocks is a different story, however.