Quote:
Originally Posted by packs
Timing the market is largely a myth. It's a fool's errand for 99 percent of the people who try it. If you've got the expendable cash, buy now. If you've got money in the market, let it ride. I think you'll find that opinion being the predominant one from any financial adviser. Pulling your money will only mean you reap no benefit when the market turns (which it inevitably will). And in almost every scenario you'll be buying new stocks with old money at higher costs than what you previously owned. Which means you end up spending more money to own less stock.
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My seat of the pants opinion is .....I agree that except for extraordinary circumstances, where cash is needed for something else, this isn't the time to sell. It is too volatile. Pick a good company/stock/fund to invest in, with good long term fundamentals in place and stick to the course. At least that is my philosophy at this juncture
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and yes, I do think it effects card prices, at least somewhat.