Re: Time to buy REITS?
I kinda like to be called "Dirty Market Timer".
Even though I usually only do it once, while getting in.
I did do it once, pulling everything out in January of 2000. But that just seemed to make good sense and it made all the difference in the world...
I love the "buy and hold low cost index" mantra, but sometimes you just gotta look at stuff and say "wow, thats cheap" or "holy cow, thats expensive".
A good philosophy shouldnt include making clearly boneheaded decisions. Or non-decisions.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.