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Investing/Strategies / Retirement Investing
|Subject: Re: Asset Allocation||Date: 4/6/2006 10:47 PM|
|Author: cliff666||Number: 50966 of 76082|
I know that I'm new to this board, but I really don't think calling the people here stupid is a very "smart" thing to do. This board is, I assume, peopled by folks who are near (or have already reached) retirement. Why on earth would they want to trade away their savings on the market? And making use of an index fund is not stupid. You need an attitude adjustment, methinks.
Joel thinks everyone should time the market like he does. Anyone too stupid (lazy, busy, inept) to time the market is beneath contempt.
I notice he is not yet retired. I am. I don't time the market. I also have an income well over $40K per year. Actually, much more.
... I used to time the market. Didn't do as well as Joel. But at that time the timing cube hadn't been invented.
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