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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 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.
I'm the same way. I'm 20 years from retirement and dollar-cost-averaging into several funds. I don't need to see highs now. I'd do better if things were flat or even down.
But it's still nice to pull up the spreadsheet and see that our portfolio is up a couple thousand dollars since Monday. Tough not to like that.
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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