4 ms·
I disagree with your statement about not having savings in a safe (usually lower-yield) account. Index funds are usually a good idea in the long term, but righ
by jazzyk 9y ago
I disagree with your statement about not having savings in a safe (usually lower-yield) account.
Index funds are usually a good idea in the long term, but right now (June 2017), I would not put a penny in the stock market - it is ridiculously overpriced.
- sullenpaladin 9y agoTotally agree. You always need substantial cash on hand. I got caught fully invested during the financial crisis and I was not in a position to invest at all-time lows.
- UK-AL 9y agoPeople were saying that 3-4 years ago, and its gone up. Your trying to time the market.
- deleted 9y ago[deleted]
- JauntTrooper 9y agoJanuary 2011 article: "Stock Markets are 'Overpriced': Robert Shiller" http://www.cnbc.com/id/41288407 http://www.cnbc.com/id/41288407 Stock markets in the developed world have risen too much, Robert Shiller, economics professor at Yale, told CNBC Thursday. On Wednesday, the Dow bounced above and below the psychologically-important 12,000 for much of the session. But stocks look expensive, Shiller said. "I would say the market is overpriced based on fundamentals … I'm talking about the US and probably Europe," he said. [The market has almost doubled since then.]
- UK-AL 9y agoExactly my point. Everybody was saying they were overvalued, and were about to crash. Yet they went even higher and still going higher almost 7 years later. Thus you can't time the market. Don't trust experts telling you to enter and exit.
- JauntTrooper 9y agoYup, I was agreeing with you. :)