"My broker still calls to tell me to "invest for the long term", LOL."
One of these days, the 'sliding windows' turns to their
favor and the ' I told you so '.
The problem is that if your 401K becomes 4pt1K, you have
no chance if you're at the time needing to withdraw money.
This crash seems to be more severe than the 2000, so there is
at least 2 more years before 'bottom' is in and there will
always be a 'short cover rally' followed by more flat to
down.
The scenario is reverse of bull market, where you can always
sell higher later if you missed a chance.
You can always buy lower for the next 12 - 24 months, unless
you're trader and think you can catch the peak and valley,
so there is no need to rush if you're really a long term
investor.
Is there still such a 'term': long term investors ?
Is should be clear by now that most, if not 'ALL' of them
are long term suckers/holders. |
