That advice to hold for the 8%-10% long-term average ignores that face on fire & feet in ice is on average "comfortable". If I need my money when market and my capital are in a 50% trough, my capital won't recover. And so many opportunities for greater capital expansion missed if not ready with cash near the bottom.
Appreciate your optimism, Carol! I'm on the optimistic side, too, but in a different way. I don't listen to the hype either way. Indifferent to market direction - I'm optimistic about my ability to take positions and adjust to market conditions. Look to grow capital whether market is moving up, down, or sideways.
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Why You Should Question “Buy And Hold” Advice
That advice to hold for the 8%-10% long-term average ignores that face on fire & feet in ice is on average "comfortable". If I need my money when market and my capital are in a 50% trough, my capital won't recover. And so many opportunities for greater capital expansion missed if not ready with cash near the bottom.
Whatever Happened To Optimism ?
Appreciate your optimism, Carol! I'm on the optimistic side, too, but in a different way. I don't listen to the hype either way. Indifferent to market direction - I'm optimistic about my ability to take positions and adjust to market conditions. Look to grow capital whether market is moving up, down, or sideways.