5 ms·
^ This is the exact kind of message that makes me want to pull out of the market. Although, I already did a few weeks back when the S&P did a head and shoulders
by orthecreedence 7y ago
^ This is the exact kind of message that makes me want to pull out of the market. Although, I already did a few weeks back when the S&P did a head and shoulders (which turned out to be a false positive, apparently). Still not rushing to put any more money in the market, though.
- whatshisface 7y agoThe message that the stock market trends upwards except for random movements that retail investors can't predict was as true last year as it is today.
- msmerberry 7y agoDefinitely came to mind when reading that. I was a Ford brat, and the husband and I bought when stock was down around the $2 mark. We've made a considerable amount. I just finished reading a book about the life of Laura Ingalls Wilder, who lived through something like 6 different depressions. Given the historic rates of inflation, innovation, and globalization, I don't really think the stock market is a bad bet IF you're willing and able to play the long game. The 20-30 years game. Get more conservative as you get older. Yes, still possible to get screwed, but it's one of many ways to keep options open.
- refurb 7y agoSounds like you're selling when it's low and buying when it's high.
- orthecreedence 7y agoI sold at the height of the right-hand shoulder. So if I stayed in, I'd actually be worse-off now.
- bduerst 7y agoYep. "There hasn't been a better time to buy a home" was pitched to me back in 2008.