Kolek planning to go pro
You have to throw it all in and keep doing it, I've done it for 35 years and am way better off even with the hits I've taken. The market reacts instantly these days to anything that happens in the world,but just as fast it digests it. Institutional high end mutual funds with marginal risk?
The concept of "just hold and then the sudden drops don't matter" has always been odd to me. If* you do well, you can avoid getting hurt when the market goes down and in fact do very well.
I avoid getting hurt when the market goes down by not selling, and just waiting for it to go back up. And it always does. So the drops really don't matter in the big picture.
I find this view to be nonsensical and dumb. You do get hurt by not selling before your holdings go down. To suggest otherwise is illogical.
http://www.marketwatch.com/story/buy-and-hold-wins-again-2013-07-19http://theconservativeincomeinvestor.com/2014/01/07/peter-lynch-why-buy-and-hold-investing-beats-market-timing/
Buying and Holding is a market timing decision ... you are always in.
Actually, no. The timing isn't based on the market. The buy is based on when you have money (or when your company plan makes the contributions), and the sell is based on when you need the money...regardless of what the market may be doing. As an example, my "buys" occur every two weeks on my pay days, totally irrespective of whether the market is up or down.
Nice day for those not holding shorts today.The concept of "just hold and then the sudden drops don't matter" has always been odd to me.If* you do well, you can avoid getting hurt when the market goes down and in fact do very well. It's giving in.
lol
Most people don't have the time or, in my case, the inclination, to study the market. I'm very satisfied with the way the pros have done it for me for the last 30 years.
I'm buying tomorrow.
You going to be significantly poorer (as will I and everyone else).This is worldwide1) BN 22:30 *JAPAN'S TOPIX INDEX EXTENDS DROP TO 5%, MOST SINCE FEB. 2013 2)*TREASURIES 10-YEAR YIELD FALLS BELOW 2% FIRST TIME SINCE APRIL BFW 21:25 3)*TAIWAN'S TAIEX INDEX FALLS 7.2% IN BIGGEST DROP SINCE 1990 BFW 21:22 4)*SHANGHAI COMPOSITE TUMBLES 7.8% TO ERASE 2015 ADVANCE BFW 21:08 5)*BLOOMBERG COMMODITY INDEX SLIDES TO LOWEST LEVEL SINCE 1999 BFW 21:02 6)*BRENT CRUDE DROPS BELOW $45/BBL FOR FIRST TIME SINCE MARCH 2009 BFW 20:38 7)*SHANGHAI COMPOSITE INDEX FALLS MORE THAN 8.4% BFW 20:36 8)*SAUDI ARABIA'S TADAWUL STOCK INDEX ENTERS BEAR MARKET BN 07:30 9) *SAUDI ARABIA STOCKS DROP 5% AT OPEN BN 03:00
Still buying tomorrow. It all depends what you are buying and I'm not buying indexes tomorrow. Put in three orders tonight for market open. Longer play, I won't even look at it for a few months if not a year +.
Short on ATVI... c'mon, big drop, big drop!