4 ms·
If the money isn't going to be used for 30+ years it really, really doesn't matter if it gets invested today right before a downturn. And if it is going to be u
by kspaans 9y ago
If the money isn't going to be used for 30+ years it really, really doesn't matter if it gets invested today right before a downturn. And if it is going to be used in significantly less than 30 years it should be something other than stocks (like bonds perhaps).
- kgwgk 9y agoIf he buys today for 100 something he could have bought in a couple of years for 65, I’m not sure he will agree that “it really, really doesn’t matter”. Market timing is difficult and there may not be a crash but stocks are objectively expensive now and it’s hard to see how the recent performance could continue for long: https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/the-s-p-500-just-say-no.pdf https://www.gmo.com/docs/default-source/research-and-comment...