All my accounts are 100% stocks. In fact I just bought more VTSMX for my kids' college funds. If the ship's going down, I'm going down with it.
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Stock Market is for Suckers?
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There are no guarentees in this life. There have been times in the past over long periods where the stock market has performed poorly. Like 1929-1954, and 1966-1982 and it looks like were in a stretch like that now 2000-?. But I will take my chances and keep investing.
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Originally posted by sweeps View PostAll my accounts are 100% stocks. In fact I just bought more VTSMX for my kids' college funds. If the ship's going down, I'm going down with it.
Way too aggressive...do you have some sort of death wish?
Got debt?
www.mo-moneyman.com
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I really learned my lesson and lost quite a bit several years ago. I am for sure buying right now in hopes to make a killing but who knows. I use to look at stocks as a source of income, get rich quick, early retirement or what ever you want to call it. Now its all just a big game to me. Is like monopoly, can be frustrating but if I loose who cares, if I win great. I stopped a log time ago putting money in that I COULD NOT afford to loose. Now I just invest what I wont miss. I did fairly well up until the colaps of our economy and now I am about %30 down across the board but as I said I am buying now or watching to buy soon so hopefully picking up a few shares here and there at the dirt cheep prices they are now will improve my overall investment when the market get back up to pace.
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Actually, much better than not listening to the experts is realizing that the majority of the time, they are a perfect contrarian indicator, but usually you should wait a short period of time after they tell you to sell, in order to buy.Originally posted by Bernz View PostI learned a lesson big time. I don't listen to the experts anymore. I am still investing relying on my own expertise and so far so good. And, just like what Snodog said... I also take my chances but to a certain extent.
Works for me.
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