What's the point of riding it out?

[Griffin]

Ticked ,

I apologize, I quoted the wrong paragraph, this is what I meant to quote:

- It does apply when thinking LONG term. I'm not "selling" for 13-15 years, so a drop of a few percent doesn't really mean anything. The people who fret about every drop are going to drive themselves nuts, and probably into investments that are too conservative. (I know people at work who REFUSE to have anything except the G-fund). Or worse yet, into blind daily trades that will lose them more than just riding it out.

The other response suggested something I did not intend. Sorry.

 

[Spaf]

The point of riding it out->does not protect funds from big losses, and significant damage to a savings plan designed into a retirement program.

Riding it out ignores the time horizon position, and capital preservation principal. Major items in age and trading.

There are two choises: Manage your plan, or not. If you chose "not" then you should be in the L-funds. If you chose to manage your funds then you should be knowlegable about trading strategies. This is a hard answer, but then again so is reality!

Rgds, and be careful!..................:blink: ................Spaf

 

[TiCKed]

::::: Deleted in the interest of Peace and Harmony::::::


Except to note that all investors are different, have different philosophies, and have different levels of trading expertise. The proof of success is in your returns, and your own objectives.

 

[Rod]

There really is no risk if you park it in the G and observe though. I just can't understand the mindset. There will be other opportunities to get back in. I think the MTV generation of fast results, quick action, and 24 hr everything is leading to the impatience factor.

It's all about risk.

Some riskier than others.

I love the adrenaline rush of RISK. I still have 34 years of trading left... so, what the hey???

Imagine staying long in (I) for the next 34 years... BUT that would be TOO boring. Then again, it could make one VERY rich.

There IS a method to my madness, and that's the target price I set for myself in considering when to bail. It's essentially the price I bought in at. As long as I'm above it, I'm a content camper.

 

[Brett]

"The first ones now will later be last, for the times they are a changing." Rod, don't count on the I-Fund, or any other for that matter to always giving the best return. A couple of years ago the F-Fund was giving me great returns, but is now a dog. One of the great rules of investing is to NEVER fall in love with a stock, or a fund for that matter.

 

[FundSurfer]

Let's take a vote on the JC issue(Jim Cramer). I vote thumbs up.

Ditto. Thumbs up. He's entertaining. I actually like his radio show better than the TV show. He's a little too over the top on TV.

 

[Spaf]

I love the adrenaline rush of RISK. I still have 34 years of trading left... so, what the hey???

Imagine staying long in (I) for the next 34 years... BUT that would be TOO boring. Then again, it could make one VERY rich. ...

Gee Rod,
You got my sympathy, as a Civil war vet I have infinity to trade!..:nuts:
Need I say more...:cheesy: ....Spaf

 

[Rod]

Gee Rod,
You got my sympathy, as a Civil war vet I have infinity to trade!..:nuts:
Need I say more...:cheesy: ....Spaf

One further note, if you do not have a target price set in stone in which you will consider exiting the market, then you are simply setting yourself up to becoming a "panic seller". The market drops and you morph into "chicken little". Then the market takes off and you fastly become a "panic buyer". If you would've simply stayed put you would have the shares to show for it. Been there, done that. Of course, there's always that legit time to pull out. Nowadays, it's just really hard to tell when that is. That's why it's important to gauge it with a target price. Because once you drop below it, then you KNOW you are losing $$$. It's a live-n-learn experience.

 

[nnuut]

Pluck, pluck, Chic, chic, chic!

 

[Machinist Mate]

Different strokes for different folks Sugar and Spice.I made money the past three weeks,and it was not in G.I guess that is the point.

 

[robo]

Only one person on this board that really rides it out! I'm willing to bet a coke he has more money saved than most TSP folks that make frequent trades. NEVER NEVER NEVER use long term investments portfolios for trading.
That said, I trade my account! I'm also behind some L Funds in gains.

Good Trading / Investing

Just something to think about.


GO GO Birchtree!!!!

Investors and traders fall into three major categories:

Those with long term investment accounts only. This type of investor is not concerned with what the market is doing today or even tomorrow. Their eyes are on a long term investment objective without regard for short term market fluctuations. In other words, investors are concerned primarily with time.

Those with trading accounts only. This type of investor is keenly concerned with paying attention to what the market is doing right now in order to capitalize on opportunities to latch onto trends and ride them for as much profit as they can capture as long as that trend exists. In other words, traders are concerned primarily with price trend.

Those who maintain both investment accounts for the long term and trading accounts to capture short term price movements. These investors need to make a clear distinction between the ways they treat each account to avoid making tactical mistakes, such as treating a long term investment as a trading investment, or vice versa.


Since Bob Brinkers last buy signal in 2003 the S&P is up over 70%. If you stayed long you have some very nice gains. Just ask Birchtree? I get Bob's newsletter and Money Talk on Demand. For longer term investors, with cash to invest. When the S&P is around 1250 or lower it's a good time to add shares! His opinion not mine. However, when BOB TALKS I LISTEN. He has made me lots of money. Last year he said add shares or new money when the S&P was at around 1180. That's when we all thought the the world was ending, he was recommending buying and Birchtree was adding shares. GO GO BIRCHTREE!!

Turned out to be a good buy. Again, just some thoughts for you to think about as you watch your account get big losses!

Oh, his newsletter is called Market Timer!!!!

http://www.bobbrinker.com/