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Did anybody stop to notice the date of the article? I'm confused by the conversation herein. I thought this was posted as a sort of mockery of the author. After
by mangeletti 12y ago
Did anybody stop to notice the date of the article? I'm confused by the conversation herein. I thought this was posted as a sort of mockery of the author. After-all, if you put your money into an index right when this guy told you to, you would have lost your shirt.
If you had a while until retirement, that wouldn't be a big deal, since it would now be back along with more, but what about the folks moving their IRA out of balanced bond and commodity based funds with some growth stocks, etc. (i.e., hedged) and essentially into the S&P 500, at 60 years old... like my parents did.
The best advice to anyone is to buy indexes after a major market crash; only then will you reap rewards without nearly as great a risk. Here's the catch: most of you will disagree; that's why 10% play and the other 90% pay.
- pessimizer 12y ago>After-all, if you put your money into an index right when this guy told you to, you would have lost your shirt. Not if you held it until now.
- MiguelVieira 12y agoThe S&P 500 is up 36% since the article was written.
- EliRivers 12y agoEven if you invest at peaks, and watch it all crash shortly afterwards, you can still do very well. Just start early so you're not staring at retirement the year after your first investment. http://awealthofcommonsense.com/worlds-worst-market-timer/ http://awealthofcommonsense.com/worlds-worst-market-timer/