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A HERETIC I AM

(24,876 posts)
18. "But nobody has a fool proof formula for investing success."
Mon Mar 6, 2017, 03:38 AM
Mar 2017

Sure they do. Just ask Warren Buffet if he has a formula.

BainsBrain and Progree make valid points, the most important one in my mind is the old axiom;

TimING the market is not nearly as important as time IN the market.

However, one should invest in such a way that they can sleep at night. If you don't have the stomach or perhaps the investment horizon to calmly weather storms, then reallocate toward safer securities.

I was a broker from late '06 through mid '09 and I can count on one finger the number of my clients that were burning up my phone after March of '09 (when the market bottomed and started back up) with buy orders. Those were the days BTW, that you could buy Ford stock for $2.00/share and General Electric for less than $10

If you liked a stock at $20, why in the hell wouldn't you like it at $10?

Giving specific investment advice to total strangers on an internet message board is unethical to say the least, and could be catastrophically damaging at the most, so I won't do it, even though I held the licenses to do so, had you been my client.

So it is best to say, assess once again your tolerance for risk, adjust your portfolio to suit that tolerance and relax. Things are never as bad as they might seem and are rarely as good as they appear.

Best investment advice I ever heard;

"Sell what's expensive, buy what is cheap"

Another good one;

"Never invest in anything that is not easily explainable to a 5 year old."

Recommendations

0 members have recommended this reply (displayed in chronological order):

i dont think so. drray23 Feb 2017 #1
I'm retiring in the next 6 months GP6971 Feb 2017 #3
I would recommend going with the major True Dough Feb 2017 #2
That's less of a joke than you think..........n/t fNord Feb 2017 #6
Private prison stocks. Mendocino Mar 2017 #10
Sessions? True Dough Mar 2017 #12
Dah Mendocino Mar 2017 #13
No. I've been in the stock market since June 1987 yeoman6987 Feb 2017 #4
Hmm, since then, the Vanguard S&P 500 index fund (VFINX) has gone up 14.967 fold progree Feb 2017 #7
That would depend..... fNord Feb 2017 #5
oh, yes, I've been invested in Vanguard's S&P 500 fund for many years... Rollo Feb 2017 #8
One thing to consider... 2naSalit Feb 2017 #9
No Metsie Casey Mar 2017 #11
You can't let your personal feelings influence your investing BainsBane Mar 2017 #14
Yes and no... Rollo Mar 2017 #15
One loses the farm when indexes crash, only if one sells before the recovery progree Mar 2017 #16
OK, sure, five or six years for the markets (and one's investments) to recover... Rollo Mar 2017 #17
Sell bonds to meet living expenses in down markets progree Mar 2017 #23
The problem is that even bonds are no longer a safe haven... Rollo Mar 2017 #24
"But nobody has a fool proof formula for investing success." A HERETIC I AM Mar 2017 #18
Back in '08 and '09 -- Actually I was buying like crazy progree Mar 2017 #19
In 2009 I watched a stock I owned dip down to the price I'd paid for it 10 years earlier Rollo Mar 2017 #22
Not so fast my friend TrackFan12 Mar 2017 #20
Obviously it's a good idea to sell SOME (sell high) at the peaks in order to accumulate Rollo Mar 2017 #21
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