The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Secrets of the 0.2% Date:  1/23/2012  2:36 PM
Author:  joelxwil Number:  69976 of 88063

Well, it was not too difficult for me go get over $1 million in my IRA (rolled over from the 403B - similar to a 401K, but for non-profits), and the same for my wife.

However, one needs to pay attention to the market, and be willing to get out when necessary, and go in when appropriate. Selling everything on March 15, 2000, was a key decision, for example. Of course, I was heavily into the things that had been going up at the time, so that helped also. It is good to be in things with high momentum, so long as that lasts. Building a diversified portfolio will not get you as much profit as picking and switching based on momentum, or relative strength.

Of course, there have been other significant decisions since then, most of which I have forgotten, but none quite so dramatic.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us