Posted: Thu Jul 31, 2003 5:03 pm
Hey Wanderer,
More than you asked for, I know. I was pleased that you were bold enuf to not post this on the newbies board and wanted to encourage you.
Thanks! We're right with you on motivation and lbym. That part is built in, fortunately. By the way, I was actually getting ready to post that on the newbies board
The majority of the time, TSM makes sense. Smithers and the q folks think broad market cap makes sense 2/3 of the time. But the average horizon, the dribs and drabs way of building one's port, the average temperament of the average investor, and the relatively high current (starting - for newbies) valuations are not conducive to "staying the course".
What would you say about people who do have a horizon of 40 years?
Strictly speaking in equities, the plan is to add diversification as we can. (a la Ben Solar's suggestion).
18 years of a bull market is what justifies ltbh. we have probably entered a period when that sort of approach will be difficult to sustain.
I think my arguement, which may or may not be valid, is that even if I buy for 18 bear years, hopefully I would set myself up for 22 bull years?
Trex
More than you asked for, I know. I was pleased that you were bold enuf to not post this on the newbies board and wanted to encourage you.
Thanks! We're right with you on motivation and lbym. That part is built in, fortunately. By the way, I was actually getting ready to post that on the newbies board
The majority of the time, TSM makes sense. Smithers and the q folks think broad market cap makes sense 2/3 of the time. But the average horizon, the dribs and drabs way of building one's port, the average temperament of the average investor, and the relatively high current (starting - for newbies) valuations are not conducive to "staying the course".
What would you say about people who do have a horizon of 40 years?
Strictly speaking in equities, the plan is to add diversification as we can. (a la Ben Solar's suggestion).
18 years of a bull market is what justifies ltbh. we have probably entered a period when that sort of approach will be difficult to sustain.
I think my arguement, which may or may not be valid, is that even if I buy for 18 bear years, hopefully I would set myself up for 22 bull years?
Trex