A smarter investing strategy for retirement

0
786

126936979.money

By Walter Updegrave

My plan is to wait for the crash and when things start looking better get back into the market to ride the rebound. Do you think this is a good idea? –Tim H.
If I thought you were able to predict when stocks will crash, when the market will hit bottom and when it will actually recover, then I’d say your plan is masterful, a sure-fire way to avoid losses, capitalize on gains and boost your long-term return. Unfortunately, your chances of doing all that range between zero and none. So I consider your idea a fantasy, not a bona fide plan.
The problem is that while it’s easy to identify market peaks in retrospect, it’s virtually impossible to call market tops in real time.
Back in late 1996, for example, when former Federal Reserve chairman Alan Greenspan delivered his famous “irrational exuberance” speech in the midst of the dot-com bubble, some investors interpreted his remarks as a not-so-veiled warning that stock valuations were stretched so thin that the market must be headed for a crash. And it was. Except that the crash didn’t come until more than three years later, a stretch during which stock prices more than doubled.
“Read the Full Article at money.cnn.com >>>>”

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleThe Business of Veterans Day
Next articleFree American: Clay Douglas and Joshua Daniels