Re: A serious question (for once), about the theory of buy and hold and down mar
First of all, I appreciate your change in attitude AirJordan. I guess you have been reading and researching and realizing just how little you know. At 24 you are way ahead of the curve though. I have the same issues with buy and hold strategy, I mean I logically know that it is what I should do but it still makes me nervous. But I have health problems that most people do not know about, so that is an extra issue for me and makes my strategy a little different. Plus I am married to a man who will probably amass wealth at least equal to mine, and just recently became a millionaire, so that eases some fears, but who knows if kids are brought into the equation or if he gets fired or if he runs off with another woman, etc. However, for you, I wouldn't worry too much as your portfolio now isn't that large and from what I gather you plan on having a career in law, so the fluctuations shouldn't be of great concern for you. I would say just chill out and keep up with your lbym strategy and keep buying and holding, however do keep the general market in mind not so that you sell in a panic, but when you feel the market is overvalued/undervalued, etc., use that in deciding what you will do with your newly earned money to invest. And the number one factor for you is to remember to marry well. I know quite a few dumb men who are seemingly brilliant and should have tens of millions of dollars now, while sipping fruity drinks from some island retirement haven, but instead they are 60 and still working due to multiple divorces. Never underestimate the idiocy of men when faced with a beautiful woman.