[rbg81]

Thus, if you are patient, over time you will be richer for it.

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Yeah, I’ve heard that before. I’m underwater on all of my “long term” mutual funds, which are still down for the last decade. In short, my “patient capital” has performed worse than my CDs.

The way I’ve made $$ is by going short term. High yield dividend stocks that pay you for owning them (thus reducing risk). Also, selling once I’ve made a 50% profit regardless. Yes, you can say I “lost money” by selling early—but no one every went broke by taking profits.

[dools007]

I don’t have a problem with the shorter term instruments. It’s the timing gimmicks that need to be reined in.

I am especially hostile to the deal where brokers use other people’s money to make timing transactions then keep the money they made.