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point sitting
RE: Down goes the Dow

Buy low, sell high wrote:


Ghost of Igloi wrote:


Buy low, sell high wrote:


Ghost of Igloi wrote:


Buylow, sell high wrote:


Buy low, sell high wrote:


Ghost of Igloi wrote:


Buy low, sell high wrote:


Ghost of Igloi wrote:

Safe to say Santa left investors a lump of coal.


Smart investors welcome this.


No, smart investors know this is not a buy on the dip opportunity.


You don’t believe in “buy low”?


Bump.


Of course buying at this level is better than 2,900, but believe the market will go much lower.


Trying to time the market is a fool’s errand.


Answer: 19 year annualized S&P 500 buy and hold return 3.6%, with reinvested dividends 5.8%


Dow is up 114% sans dividends in that time.

But that’s a different discussion. The points are buying low is good and trying to time the market is bad.


No one is going to debate that buying low is good but what some will debate you on is what is low?

Also, buying low and selling high is actually a form of trying to time the market, no?

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