IF you are still 10+ years away from retirement, then YES, you buy at the top and all the way down. Why? BECAUSE YOU DON'T KNOW UNTIL AFTER THE FACT IF YOU WERE BUYING AT THE TOP OR AT THE BOTTOM!!!!If you had a crystal ball that told you exactly when the dips and peaks would be, then yes, you could stop and start, but since no one has one of those, you invest money you don't need today for later. When people STOP buying, they typically then SPEND that money rather than save it somewhere else. ALSO, they they typically wait too long to get back in the market, thus missing out on big increases AND dividends they could have gotten the whole time.If you're within 10 years, or at least 5 years of retirement and there's talk (from experts) of another great recession or something, then perhaps consider moving everything (or most things) to safer investments, but otherwise, nope.
the idiocy continues wrote:
Reading is fundamental wrote:He recommended buying after the drop. It makes perfect sense.
That would make sense.
Unfortunately he didn't say that. He said, as explained above, to buy at the top and all the way down.