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Al recently wrote in response to Cliff Roffey....
>3. "Problem. Yes we are to have a correction."
Has this not been so since the beginning of time? I have a chart US
stock market since 1928 hanging in my office. I look and see the direction
is up.
I see that missing the move is more costly than not being in the markets. <
How right you are, Al. It seems everybody is trying to predict or
second-guess the various markets. I say "get invested and always stay
invested."
Using figures recently issued by a popular and well know money manager,
history shows there is no wrong time to make an investment in the stock
market. If a person started in 1987 and had made a $10,000 investment on the
market high in each of the past ten years, he would have $206,703. If he
made that same $10,000 investment each year on the market lows, he would have
$263,480. Not that much difference overall.
Being out of the market is the biggest risk.....which is where people
generally are when trying to predict the market's next move. I think it is
very ironic.
Jerry
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