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Originally Posted by BettinBilly
I've heard that before a few times over the decades. You sound like a guy that is trying to do his little part to Bear the market.
Do you realize how many millions of 401k and retirement accounts are invested in Mutual Funds? Certainly some are conservative with bond/equity split, but equities are still being invested in. That alone will help stabilize the markets over time. People are not going to stop investing in the market in their 401k and retirement accounts because the market is correcting now. And they sure as hell aren't going to pull their money at a loss and put it into a .5 percent savings account. Many can't, as they are locked into their 401k. All they can do is sit and ride it out.
And as a side bar, I have a Vanguard fund now that is actually performing incredibly well. Actually, it's blowing me away. It's almost at a 9 percent GAIN in the last four months. That's one fund manager that knows how to invest in a correcting market.
Like all things, the market is cyclical. I filter the doom and gloom because it is all speculation.
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Exactly, I took on Altria (the cigarette maker) and Southern Company (utilities) in October of last year and they have both been amazing.
The easy way to make up for lost money is to buy more. You never know where the twist and turns are, in 5 years we might be looking at this saying "Geez if I would ave just bought on that 29% bear run in the NASDAQ, I'd be rich"
