“The markets are not rational, that is why I severely reduced my exposure in January. But inflation is going to eat my life savings anyway. That is the plan from dc, destroy the middle class.”
I have been fully invested since the early 80’s and never sold into a sell off. Over the yrs my net growth post tax is north of 9% compounded. Timing the market has never worked for anyone I know. They almost always sell to late and then wait to long to jump back in.
Same here. Just wish I had some money that was not already invested to buy in deeper. If you buy and sell you are the patsy the market is looking for.
The interesting thing I’ve seen illustrated over the years is sequence of returns with some old annuities that I once considered low yield. Their average return is lower than the straight equity investments but the compounded annual return over the years is higher. Proves once again to me that 3.7 yards per carry may not be exciting or dramatic but it gets a first and ten every third down and beats out the path to the goal line. Base hits but steady.
If you are going to play growth for the long run though you have to be all in for it with quality investments.