Quote:
Originally Posted by PaceAdvantage
This is probably some of the best advice I've seen posted here, and I totally agree with you.
Oh, and pay attention to friends, family and neighbors. When THEY start bailing during a market drop, you know it's getting very near the time to BUY.
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I never understand why people get spooked and want to sell on a drop. Buy low and sell high! I spend a little time each day checking out a forum called bogleheads.com, named after the CEO of Vanguard, Jack Bogle. For months I have been reading comments, almost arrogant comments, by Bogleheads saying to maintain a three-fund portfolio and never waver. During the past week I have been reading threads about whether the Bogleheads should "rebalance." The psychology of never wavering is much easier until you get that punch. I am 52 percent cash in my 457 and IRA. Let's go down some more so my buy signals are activated.
