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Author: joelxwil Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75797  
Subject: Re: Retirement Date: 11/23/2004 1:37 PM
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If you are just going to buy and hold a bunch of mutual funds, it might as well be Vanguard as anybody. That is, of course, a losing proposition in as much as you want to be out of the market when it is going down.

Any good investing program consists of two components: timing and selection.

There are a number of good market timing sites, such as TimingCube, or Marty Chernard's site. There is a bunch of free stuff on my site, but you have to have Fasttrack, or convert the code to run in Excel. None of this stuff is perfect, but it all beats buy and hold.

So far as selection is concerned, the easy thing to do is to buy things like QQQ, SPY, and IWM during the buy periods. You will trade 2-4 times per year. There are more complicated strategies for stock selection, whether you are a Value Investor, practice CANSLIM, technical analysis, or some combination.

Making money in the market is not terribly complicated, but it does require paying attention. The "set it and forget it" strategies do not do well, unless you are content to have a 47% drawdown in your account, and do not mind the fact that if you had bought VFINX 5 years ago you would still be down 10%. If you think that is doing well, then just buy VFINX.
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