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Everyone in the market got kicked in the teeth in 2008. That's just part of the reality of being an investor. The ones who got screwed though are the ones who panicked, sold and were afraid to get back in. Those who didn't and just kept going were just fine.
I don't trade individual stocks, I invest in mutual and index funds. The good news with those is you don't have to time anything. You just throw your $$$ in, keep adding as you can, and let er rip, no matter what the market does. You literally *have to* ignore what the market is doing and think long term.
Unless you are trying to be a trader/swing/day, and that's a whole other beast fraught with other factors.
If all you lost in 2008 was 16%, consider yourself unscathed. Seriously? 16% in 2008? Far too many lost 50% and more and some have never recovered.
For that reason, I have hard time taking this and similar comments seriously. I'm just an ordinary person who's invested in mutual funds for probably nigh onto 30 years and have been far from a loser.
Individual stock picking requires a whole 'nother skill set - and unless you really like all the work (and luck) involved with that, why do it? Yes, you might make a killing on a pick here and there - plenty of people do - but, if by this time you haven't found the formula, it's time to change your approach.
Remember, the definition of insanity is doing the exact same thing over and over again and expecting a different result.
If all you lost in 2008 was 16%, consider yourself unscathed. Seriously? 16% in 2008? Far too many lost 50% and more and some have never recovered.
For that reason, I have hard time taking this and similar comments seriously. I'm just an ordinary person who's invested in mutual funds for probably nigh onto 30 years and have been far from a loser.
Individual stock picking requires a whole 'nother skill set - and unless you really like all the work (and luck) involved with that, why do it? Yes, you might make a killing on a pick here and there - plenty of people do - but, if by this time you haven't found the formula, it's time to change your approach.
Remember, the definition of insanity is doing the exact same thing over and over again and expecting a different result.
0 and 1 aren’t close enough to be a typo in any high probability range
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This isn't a serious thread.
