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re: For those that had money invested in 08-09

Posted on 5/3/15 at 12:52 am to
Posted by Serraneaux
South of 30a
Member since Mar 2014
19744 posts
Posted on 5/3/15 at 12:52 am to
I was in target date funds in January of 2009 before everything crashed. I sold in March of 2009 and bought Financial and Insurance Select Funds because I thought they would have a bigger bounce back. They have and then some. I also took some liquid cash money and bought Citigroup at about $1.00/share, GE at 8.00/share, and BAC at $4.00/share. My only regret with hindsight being 20/20 is not doing more.

I also had alot of LVS at about $100/share when it was "supposed" to go to $200. It got down to below to $10 and I dollar cost averaged over the next year and finally sold for $23/share and ended up having a decent gain. Wife was pissed of course while I was in the red on that trade.
Posted by ItzMe1972
Member since Dec 2013
9824 posts
Posted on 5/3/15 at 8:51 am to

"Timing the market is no different than timing the roll of the dice at a craps table for the majority of investors."

Ding Ding Ding.....we have a winner.

Actually that applies to ALL investors!
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