January 17, 2014 Admin | January 17, 2014 Why should you ignore others who predict the direction of the markets? What should you do?
4 thoughts on “January 17, 2014”
All these “experts” are doing is speculating. The majority of people who jump in and out of the markets lose money. You should stick to what you know is true from your financial education. Buy No-load index funds, keep feeding these funds, and hold them for the long run. You can purchase these funds at Vanguard.com.
If you try to time the market, you are bound to lose as much as you win. No one person can predict where a certain stock will go. If you attempt to time the market you will have to pay more fees from moving your money from stock to stock. The best way to invest is in no load index mutual funds from vanguard and leave the money for many years to gain compound interest.
You are one mighty smart man, Chris. Let’s recap.
The people you hear spouting off on what the markets are going to do don’t know anymore than you when it comes to where they are headed. Ignore them all!
Chris is exactly right, they are speculating (educated guess) on the future and more times than not, they are wrong. Focus your efforts on owning a diversified allocation of stocks, bonds, real estate (publicly traded REITS or rental property), and maybe cash (not necessary though). Buy them as cheap as possible and that means no-load index mutual funds at a place like Vanguard.com. Feed them every month like Chris said, and LEAVE THEM ALONE. You are the smart and efficient investor, not a speculator!
Well said, Thomas. Clearly we have many smart young investors out there who know what they are doing. Stay the course and ignore the pundits!