Latest Breaking News

PoindexterOglethorpe

(28,114 posts)

13. Trying to time the market is a total fool's game.

Wed Dec 13, 2023, 10:59 PM

Dec 2023

Buy good stocks, bonds, funds, whatever. And stay in. Do not day trade. Do not buy and sell. Pay enough attention to know if you should move from one bond, fund, or stock, to another. Or find a good investment advisor, which is what I have. His steady hand has me better off than ever. He got me into a couple of annuities several years ago, which provide steady income, along with SS, a small pension, and money I take every month from the investment portfolio.

On our most recent chat (he connects with me quarterly, more if he or I want to) he said he was looking at a strong rise in the stock market next year. Looks like he was right, and that rise is simply happening sooner.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

39 replies

= new reply since forum marked as read

Highlight:

Dow rallies more than 500 points to record, closes above 37,000 for the first time [View all] brooklynite Dec 2023 OP

"bUht thE bIDeN EcONomY!!!1" nt EarthFirst Dec 2023 #1

I know. COL Mustard Dec 2023 #21

People complain about food prices yet restaurants are full every day, people are doc03 Dec 2023 #2

But but I heard Biden was severely cutting oil production!!!1111 Shermann Dec 2023 #3

I know that's what I've been saying, all I see is people spending money hand over fist Walleye Dec 2023 #10

Put your 401K into cash! (Just kidding) Johnny2X2X Dec 2023 #4

That is what people told me in 2009, I stayed in and market went up 280% doc03 Dec 2023 #7

That's why so many MAGATs are pissed off. Mr.Bill Dec 2023 #12

That's honestly part of it. Johnny2X2X Dec 2023 #14

If they're watching Faux News COL Mustard Dec 2023 #22

Most of the Maga folks really don't have the capital to invest. ashredux Dec 2023 #35

Trying to time the market is a total fool's game. PoindexterOglethorpe Dec 2023 #13

Stocks are high now, bonds are cheap, and interest on money markets is good IronLionZion Dec 2023 #16

Blended target retirement funds are solid Johnny2X2X Dec 2023 #17

This wasn't terrible advice. Calista241 Dec 2023 #24

It's an unprecedented situation Johnny2X2X Dec 2023 #26

I love a good Santa Claus rally! Tomconroy Dec 2023 #5

We always get major sell offs in August and September. Yavin4 Dec 2023 #20

Dow Closes at Record High Despite Terrible Biden Economy Prairie Gates Dec 2023 #6

Seriously the MSM will probably use a line like that. nt doc03 Dec 2023 #8

Right Wingers are shook at this news Johnny2X2X Dec 2023 #25

When Orange Julius was spouting about "fire and fury like the world has never seen" I got out. I'm OK with Evolve Dammit Dec 2023 #9

I'm a senior and I'm cheerfully in the market. PoindexterOglethorpe Dec 2023 #15

My goal is to have 17% of my investments in stocks by the age of 70. LudwigPastorius Dec 2023 #19

That is far too low. PoindexterOglethorpe Dec 2023 #31

Well, inflation is down, and you can still get treasuries and insured CDs yielding 5%. I suggest you take a look... ashredux Dec 2023 #23

I reasonable portion of my portfolio is in safe, interest-bearing instruments. PoindexterOglethorpe Dec 2023 #33

I hope your optimism serves you well. Evolve Dammit Dec 2023 #30

Yes, I've always been an optimist. PoindexterOglethorpe Dec 2023 #32

You're correct, but it all depends on your timeline. Ages a very big factor. As one gets older, begin shifting.... ashredux Dec 2023 #34

I am older. 75 now. PoindexterOglethorpe Dec 2023 #37

Ridin' with Biden! Dow Jones link in text. TeamProg Dec 2023 #11

I'm hoping lots of Republicans missed out IronLionZion Dec 2023 #18

Stock market isn't for everyone, daytrading is for fewer still. BUT NoMoreRepugs Dec 2023 #27

Dark Brandon is taking credit for Bidenenomics LetMyPeopleVote Dec 2023 #28

Well that has got to PO the republicans republianmushroom Dec 2023 #29

If you broaden your horizon a bit to look outside the US of A . . . Aussie105 Dec 2023 #36

Historically, market does better under Democratic administrations hibbing Dec 2023 #38

NYT: Stock market at record highs. Why this is bad news for Biden Happy Hoosier Dec 2023 #39