Quote:
Originally Posted by lutach
I'm going to keep all my positions and see where the bottom comes and see how far up my positions will go. Maybe 5-10yrs from now when another bubble burts, I'll probably play the market for real.
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lol.. If you review some of the 10yr avg returns on a number of things (stocks, mut funds, etc.) this might not be a bad idea.
Its bad when many of the major 401k funds we're offered at work have a YTD return of 40%, but the 10yr is 3%.
For F's sake, might as well buy something safe, wait for a bubble to burst, put it in during the recovery, then get the F out again.
In the meantime, you're way way ahead, so I got to work a bit harder :)
I knew it was time to sell when you starting seeing a lot of blogs and message boards lighting up lately talking about how "we are taking this b!tch to $X.X." Doing the opposite of the herd turns out right more often than not it seems.