To: nickcarraway
"Second of all, you are contradicting almost every investment professional and academic. Yes, sometimes equities are outperformed by other securities, the point is that equities will outperform for longterm investors."
Yah, if you take a long enough time frame (and make sure you include the bubble market of 1995-2000) you can make a case for the stock market always going up. But let's factor in the truth that we all die someday and someone investing in 1929 would have waited until 1948 until the market reached its former high. The 1966 market took until 1982 to reach its former highs. I don't have 19 or 16 years (I'm 50) to climb back to previous highs on this bubble market...
"Second of all, you are contradicting almost every investment professional and academic."
And we all know that academics are always right on:
1. Gun control
2. Socialized medicine
3. The United Nations
4. Etc, etc, etc
Also, there are plenty of investment professionals who support my position. The Austrian School of economics has the true conservative stance and supports my beliefs...
49 posted on
10/16/2002 4:33:14 PM PDT by
rohry
To: rohry
The conservative stance? Capitalism is wrong is the conservative stance?
To: rohry
And we all know that academics are always right onAll Academics get painted with the same brush? So Thomas Sowell is a socialist to you?
To: rohry
Of course, your age has to be factored in to your financial plan. Please check nout the Siegel book and Charles Ellis. (especially
Winning the Loser's Game)
Would anyone get rich listening to Jim Rodgers? Being a permabear? (Those people are NOT conservative, if that's what you are worried about.
If you can time the market, congratulations. You should be the richest man on earth.
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