Quote:
Originally Posted by G1911
My argument is to buy when the market is generally low and hold long term, not short term flip. Buy blue chips and indexes when the market sucks, hold it for the long haul. Don't let your cash get so low that you need to sell stock, sell it late in life when you don't have work income coming in, and sell it when the market is generally good. Don't retire with only a couple years cash on hand with a bad market.
Even in this example you have, the person doing this doubled their money buying at under 7 and selling at ~14K. They missed out on even greater gains, but they doubled their money in the short term using this basic strategy but as a short term hold instead of my long term hold. If only we could all double our money in the short term!
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And by holding, or just investing at regular intervals not trying to time, I did much better. See my example. You cannot know if it's generally low in real time. It looks low today relative to 35K, but if it drops 5K, then it was in fact relatively high. I agree with WHAT you are buying, but I maintain just buying in at regular intervals in the long run is likely going to bet better than active management on timing.
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