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re: For all those poorly misguided do-it-yourselfers

Posted on 2/16/09 at 7:52 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/16/09 at 7:52 pm to
quote:

If you are buying, which hopefully you are if you are still years from retirement, you are buying at better prices and accumulating more "acres" for your dollar. If you are currently in retirement, hopefully you were properly allocated to minimize the risk to your portfolio and hopefully you can access the cash portion of your portfolio so you don't have to sell shares in a down market.


The topic of discussion was what specific fund (farm) you invest in, actively managed or index. Not whether you can reinvest gains. Totally different question.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/16/09 at 7:54 pm to
quote:

most financial advisers are still punching in at the leased office around the block on low-6-figure incomes


Most people would like a low 6-figure income.
Posted by Zilla
Member since Jul 2005
10652 posts
Posted on 2/16/09 at 8:47 pm to
i was just about to say that
Posted by igoringa
South Mississippi
Member since Jun 2007
12377 posts
Posted on 2/17/09 at 7:25 am to
quote:

quote:

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Personally, I am still sitting on significant cash in the event the market declines another 20-40%
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Me too.


You both are making a fatal error... you are thinking. You should not determine fundamental valuation on your own... it is just too complicated.... you should have given your money to an advisor and you could have bought all the way down. Your job is not to think, that is the responsibility of the guy on the other side of the desk at the strip mall... hand over your money and they will take care of it for you.
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