4 ms·
Even if you only invest in low-cost index funds you can usually beat the market by following this advice: "Be fearful when others are greedy and greedy when ot
by MarkMc 13y ago
Even if you only invest in low-cost index funds you can usually beat the market by following this advice:
"Be fearful when others are greedy and greedy when others are fearful" - Warren Buffett [1]
That means if the Fed Chairman is talking about "irrational exuberance" sell. If people are talking about another great depression, buy (but only with money that you won't need for the next 15 years).
[1] http://en.wikiquote.org/wiki/Warren_Buffett http://en.wikiquote.org/wiki/Warren_Buffett