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Originally Posted by Sweepsplayer
I have mixed feelings about the Dow hitting an all-time high. On one hand, I'm happy that people are getting back into stocks and feeling good about the economy. On the other hand, I'm in for the (very) long term, and the higher the market goes, the less stock my semi-monthly contribution buys.
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So I'll assume your horizon is 30 years or something like that.
You want the stock market to go down down down, stay flat flat flat, while you're buying buying buying, and then in the last five years have it just explode...and then you retire?
I'm always kind of bummed when my bi-monthly contribution comes on a day when there's a run-up, even though that's totally short-term thinking
