VanWinkle
Thinks s/he gets paid by the post
Thanks for the link to that simulation game. I was not savvy enough to be able to see the results but I'm not surprised by what you describe the results are.
I also believe that people are reporting accurately on this thread, but I think the people who are reporting are a very skewed sample-we are not hearing from many of the people who got hurt by market timing or picking stocks. It's completely understandable but I think for the boring index fund investor who does not market time it's important to bear this in mind and not get thrown off by the gains and success stories you read here.
I see a lot of people working to an age far older than they would like or should be necessary given their income. I suspect a lot of them did very poorly with their investments. We don't hear many of their stories but if we only knew I think it would help the index fund investor feel much more comfortable that they are not missing out.
+1 Well stated!