Quote:
Originally Posted by fotze
I wonder if the years past meltdown explains why cowperson has disappeared.
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I hope that isnt the case ... did he leave with a statement, or simply disappear? Honestly, I miss his viewpoint.
Slava, and others, threads like this are awesome. A great way to help gain a basic understanding of what is going on.
Slava, obvously, your strategy is to buy and hold. It is a viable strategy. Given that we seem to be on the edge of economic disaster, it makes it very hard not to try and time the markets.
What were economists saying in 1929? Was the predominate advice to 'wait out this downturn, and keep holding", or was it to "buy low and grow with the market"? What happened to people that kept any investments - did those investments totally disappear into oblivion, or did they infact regain value years later? In the end, what ended the Depression? (my Social Studies from 15+ years ago is a little fuzzy)
Obviously, I bring up the Great Depression because it feels like we could be on the cusp of something THAT huge. Yikes!