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URL:  http://boards.fool.com/claiming-that-market-timing-is-gambling-is-an-21661919.aspx

Subject:  Re: What to do with a losing IRA Date:  11/26/2004  8:38 PM
Author:  joelxwil Number:  43291 of 76418

Claiming that market timing is gambling is an utterly stupid remark. This indicates the level of irresponsibility on this board, and why I have never seen anything on this board that actually has helped me make money.

So far as something that is totally inappropriate for retirement investing, consider that VFINX has been a loser for the last 5 years. Consider also that over the last 10 years, it has about a 10% average annual return, but a 47% drawdown. For those you you who do not know what a drawdown is, that means that at some point you had lost 47% of your money.

Now losing that much is totally inappropriate for anything, retirement or otherwise.

Now there is an interesting fallacy that says that if you do nothing, you incur less risk, whereas if you take action, you incur risk. That is nonsense, of course. The important thing is to take the right action, and holding a losing position is not the right action.
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