Home Forums Hunting & Shooting Hunter's Campfire so which financial guru saw this market correction?

They have been told by all the experts to buy and hold......

I read not to long ago that Warren Buffet stated that one could do no wrong and probably would be wise to invest in the Vanguard Total Stock Market Fund. It seems that many think that they are Market Timers and Stock Pickers! Wow! Ralph Wanger," The Dean of Small Caps", stated in his book that no one can time the market. These guys were/are the best in there field.

If it took you until this year to make back everything you lost in 2008, then you were doing it wrong. A normal S&P500 index fund would have gotten your money back years ago. The S&P ended 2007 at 1468. It ended 2008 at 903. It passed through 1468 in 2013 and never looked back. I'm sure Warren Buffet isn't bailing on the market and I'm not, either. I'm 59 and semi-retired but I still look at the long term. I have enough cash saved that with my part-time job and small pension, I don't have to touch my investments for a few years. Let it ride...
http://www.1stock1.com/1stock1_141.htm

A million really isn't that much money. It only allows you around $30K income a year.

This is true. Talked to an Advisor a couple of years ago. He said that I was flying too high with all of the high risk small caps and I needed to get back down to earth. I said that these high risk small caps got me here. Not that I knew more than Him, But have since started navigating to the middle of the road.

It isn't that much money till you have to actually earn it and save it beyond day to day living expenses.

But you as a public service employee are a millionaire but you certainly didn't earn it....

Also if you can only achieve $30k a year of cash flow off a million in assets you aint doin it right....

Fugin liberals....

Safe to assume these 2 are millionaires,

'cuz it's that easy.........

Sure, if you have room in the coffin for you and a cool mill,

Great plan.

My hearts pumping piss...

The ones that knew the Fed was going to raise the rate again.

These are deep staters. Did you catch the one azzhole saying Trump's not going to tell him what to do?

Pompous, self-important prick.

You are the dim bulb of the campfire, but at least you've been consistent with that for many years. You pissed and moaned all the way from 9k to 25k missing the money making opportunity of a lifetime. You should try doing a little bit more reading too, as I was one of the first on here to start telling people to get out as the party is over at 25k.

Well most of You buy high and sell low and don't stick. to bad Your problem not mine. Diversify so if You need money You can take it where it is right.

Reality is that you didn't lose other than paper. Next time cash out when the market is at it's peak. Let us all know when that is so we all can make a little scratch.

The math is that gains have been unprecedented in the last nine years. If you had your money in early, you're doing just fine even with a down 2018. Looking at the last 3 months is short sighted.

Ha Ha, yep that's me.... during the time frame you mentioned I made enough money to retire.... at 51 . Without a dime in the stock market..... if that is your definition of a dim bulb , you may be looking in the mirror...

Wow Calvin, you are able to call the bottom of the market and the top? that is amazing....... most people with that skill would be fantastically wealthy.

Yet you guide fishermen...? shouldn't they be guiding you?

If I come to Alaska will you guide me?

Even a blind hog finds an acorn once in a while.....

3 pages before the personal attacks, Nice.

Thank God for the Holiday spirit.

Every time I start to second guess my long term investment strategy a correction in the market assures me to stay the course..

Everything is on sale, start buying. Don’t really understand the whinning, if you didn’t sell it’s all on paper and you haven’t lost shares. Cripes, such drama.

Then comes real estate...correction predicted for 2020 or so they say.

Zero had 0% interest rates, the fed pucker at the Treasury Dept now keeps increasing the interest rates to slow down Trumps economy.

He should be fired!