megacorp-firee
Thinks s/he gets paid by the post
- Joined
- Apr 16, 2007
- Messages
- 1,305
I really don't care if you do or don't ... it's just confuses me and causes mis-communicatons when you do (in this case) market time and say it's not. I try to learn from all who post here and am just observing and commenting.What I can never get clear about is why anyone should feel that it is some sort of breach of faith to do this. Most really successful investors do it to some extent, although they may explain it somewhat differently. Whatever Warren Buffet says, watch the way he acts.
I feel that stocks should be bought like anything else. By a lot when what you want is cheap, buy much less or even sell some when it would take a miracle for cash flows to justify the price of the target company. No one ever said it should be easy. But not easy is not the same as impossible.
And what difference does it make what people on this board think? We all have different goals, different bankroll to spending ratios, different personalities, etc.
I think tax considerations are an important negative to market timing with taxable funds, but other than that, why not?
Don't you think it was easy to see in 2000 that many stocks could not possibly pay out as business investments at the prices they were selling? So all you have to do is take control of your greed, realize that your wife's sister's husband may beat your performance for a while, and you may hear about that from DW. But so what? A seller of grossly overpriced investments has to prevail eventually as long as there are any rational investors left. This appeared to be the case; and lo and behold it was the case. Going on 8 years now and the S&P has gone nowhere. And the dividend would not keep you up with even the low inflation we have had.
Ha