Question for Klondike wrote:
Perhaps you stated and I missed it in this thread, but in your previous timing of the market, exactly WHEN did you get back in? And, how will you decide when to get back in going forward?
I got in when the Dow crested 9,000 (it bottomed at 6,800). I just felt it was safe at that point.
So I took the ride down from 14,000 whatever to high 12,000s and missed the ride up from 6,800 to 9,000. But I did avoid the crash from the high 12,000s to 6,800 and watched some people I knew lose as much as $1 million. I felt bad for them (these are not multi millionaires but upper middle class people who have been saving for retirement for decades) but was very glad I was out. That's for sure.