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Forum » Bob, the world's worst market timer...
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Thread: Bob, the world's worst market timer...

post 1627234383 01-01-2021, 07:56 PM
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  1. Johnez
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Bob, the world's worst market timer...

New year, new decade. Some of you young guys need to read this and some of you old cats too. How to turn $184k into $1.1 million investing only right before the big crashes in a period covering 40 years:

https://awealthofcommonsense.com/201...-market-timer/
Once he was in the market, he never sold his fund shares. He held on for dear life because he was too nervous about being wrong on both his sell decisions too.
Virtue is its own reward.
post 1627234543 01-01-2021, 07:59 PM
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  1. TheFitLord
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My mother had $100k from an insurance settlement from an accident she had been in, and she invested it in the stock market, then 9/11 happened and her stocks went down to $30k so she sold them. That would’ve been the perfect time to buy!
Amateur Comic Book Artist. Tools: iPad Pro (12.9 inches, 256 Gigabytes, 4th Generation) Apple Pencil
post 1627234883 01-01-2021, 08:05 PM
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  1. Johnez
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Originally Posted By TheFitLord⏩
My mother had $100k from an insurance settlement from an accident she had been in, and she invested it in the stock market, then 9/11 happened and her stocks went down to $30k so she sold them. That would’ve been the perfect time to buy!
2001 s&p 500 low: 965
2020 s&p 500 high: 3756

Cotdam.
Virtue is its own reward.
post 1627235993 01-01-2021, 08:22 PM
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Originally Posted By AnotherAlt4⏩
LMAO @ IndexFundCels

Index funds as we understand them haven't even been around 50 years. Same for 401ks, IRAs, and the TSP. And they didn't become truly popular until the 90's.

We are just now starting to see the negative effects of these financial innovations:

- Terrible corporate governance, as large portions of companies are held by index funds which fail to hold the management accountable. (This is demonstrated by the enormous salaries and benefits enjoyed by CEOs and senior management as they loot companies.)

- A belief that, when held in an index, holding common stocks is somehow safe. A belief that common stocks can "only go up, over the long term". The modern stock market is viewed by investors much how the bond market was viewed in the 50's. Many young investors are invested in 100% equities (or more, using leverage).

- Massive government intervention in the market to preserve the high price of equities. Huge bailouts to companies in order to prevent finacncial panic and contagion. Politicians and political parties taking credit for all-time highs in the stock market. Central banks purchasing common stocks on the open market to prevent panics.
Interesting points, however index funds were created in reaction to high priced mutual funds that charged high fees and still struggled to "beat" or even match market returns.
Virtue is its own reward.
post 1627236103 01-01-2021, 08:23 PM
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  1. Jasonw1178
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Originally Posted By TheFitLord⏩
My mother had $100k from an insurance settlement from an accident she had been in, and she invested it in the stock market, then 9/11 happened and her stocks went down to $30k so she sold them. That would’ve been the perfect time to buy!
If she had just held on she'd be sitting pretty sweet. Depends on what stocks she put her money into. But it's one reason the fat cats stay fed and the skinny cats stay hungry. Those who are in the know, know that the time to buy is when the market is low. The only speculation you know of is where is the bottom and where is the top.
post 1627237253 01-01-2021, 08:40 PM
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  1. Mr Beer
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Yep regular passive investment is the simplest effective way to investment.
"A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand."
post 1627262633 01-02-2021, 08:33 AM
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  1. quadsbro
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Originally Posted By Mr
Yep regular passive investment is the simplest effective way to investment.
QFT. time in market > timing the market
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