No. of Recommendations: 6
rrosenkoetter asks,

I need to talk to with someone competent, several competent people actually. I joined these boards hoping you all could help. I want to talk to someone who actually told his clients to get out of stocks anywhere from 1998-2000. Someone who recognized that a P/E ratio of 31 is bubble territory. Someone who has studied the history of the market.


For every financial advisor who told his clients to sell everything in 1998-2000, there are 10 or 20 similarly credentialed people who told their customers to get out in 1995 or 2002, missing the subsequent gains. There's no way to identify beforehand which advisor will be lucky with his market timing predictions in the future.

A better course of action is to just decide on an appropriate asset allocation and rebalance annually.

intercst
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement