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True, past performance is no guarantee for future returns. Worth taking a look at the worst market timer of all time. http://awealthofcommonsense.com/2014/02/

• timr 8y ago
  No, it's not just about "market timing". You can do everything "right", and still lose money. Long-term buy and hold investing is not a guarantee. An entire generation of young investors has never lived through a serious market decline, and have only been rewarded for HODL. HN skews young. There are a lot of people here who are going to find their worldview painfully challenged when the market does finally turn. The surest sign of a market bubble in an asset is when I find myself arguing with people that yes, the price of the asset can indeed go down.