K5 wrote:
Westover wrote:How do I know? There are decades of data to back up the fact that timing the market is foolish. Amateurs, like yourself, who try to do so usually lose money over the long term. Leave it to the pros (though there's no guarantees there).
What the eff do the pros know? If you want to buy and hold no matter what is going on and think that is the intelligent way to do things in a bubble economy, be my guest. Personally I am not a big fan of losing 50% of the value of my investments in a month's time as we saw on 2008 -- or 25% per year for three straight years as we saw in 2000-2002. And I did not due to my foolish timing of the market
Quite simply, the pros know more than you do. That's why they're pros.