Quote:
Originally Posted by MoneyGuy
I think the economy will start to improve near year end. The market tends to lead the economy by about half a year. I think young folks with lots of years who are talking GICs or going into cash for a couple of years are crazy. When the market recovers, it tends to make up a third of what was "lost" in the downturn within the first 40 days of the recovery. I don't think the recovery will happen immediately but I would DCA in over 2-4 months, so that in four months your fully invested.
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Great advice. A young buck like myself (late 20's) has been doing this with a long term focus and it's great to hear others agree.