Bad time to buy stock?

seacaitch

You guys are all wasting your time on Uriziel - they've "seen the light", have the zeal of the newly converted, and you disbelievers can never cut through that. Only painful losses will do that job, delivered good and hard...

For Uriziel's sake, let's hope those losses occur sooner rather than later, so they waste less of their time & money playing short term games with negative expected returns and turn instead to "get richer slowly" long term wealth compounding strategies. But some lessons have to be learned personally by some people.

Eyeful

seacaitch said:

You guys are all wasting your time on Uriziel - they've "seen the light", have the zeal of the newly converted, and you disbelievers can never cut through that. Only painful losses will do that job, delivered good and hard...

For Uriziel's sake, let's hope those losses occur sooner rather than later, so they waste less of their time & money playing short term games with negative expected returns and turn instead to "get richer slowly" long term wealth compounding strategies. But some lessons have to be learned personally by some people.

For some persons that is sad but true.

But look on the bright side, it's Christmas,
 Scrooge finally, "saw the truth", so who knows?

kempiejon

seacaitch said:

You guys are all wasting your time on Uriziel - they've "seen the light", have the zeal of the newly converted, and you disbelievers can never cut through that. Only painful losses will do that job, delivered good and hard...

For Uriziel's sake, let's hope those losses occur sooner rather than later, so they waste less of their time & money playing short term games with negative expected returns and turn instead to "get richer slowly" long term wealth compounding strategies. But some lessons have to be learned personally by some people.

Getting started with investing small amounts and seeing just how much volatility there is in assets taught me to stomach some losses, wild swings in price and a few calamities. Getting it wrong was valuable and luckily early on I got a few now obvious failures with small comparatively amounts. I spent hours analysing accounts and got my head round what being a stock picker entailed and over time saw my worth grow faster than inflation; a very worthwhile education and losing a bit on the path to financial independence was money well spent.

agent69

Alexland said:

The market is great at teaching the wrong lessons.

The biggest risk with investment is ourselves.

Studies of investment accounts show the best performing investors were dead because they never trade and are at no risk of making all the classic behavioural errors. On average investors only capture around 50% of the market long term returns because they do too much messing around.

Guilty as charged

Alexland

agent69 said:

Guilty as charged

In which case you are probably human.

The problem is you are unlikely to have the best investment strategy at the start so various improvements will be beneficial (particularly in the first few years), your investing needs will evolve over time as your circumstances change and markets evolve so to maintain a desired risk glide path and get increasing certainty of outcome some change will be necessary but the judgement is only acting when it's genuinely beneficial not just messing around reacting to emotions or buying whatever nonsense you see in the press or even sometimes read about here.

chiang_mai

agent69 said:

Alexland said:

The market is great at teaching the wrong lessons.

The biggest risk with investment is ourselves.

Studies of investment accounts show the best performing investors were dead because they never trade and are at no risk of making all the classic behavioural errors. On average investors only capture around 50% of the market long term returns because they do too much messing around.

Guilty as charged

I'm not convinced that some messing around isn't helpful, and I don't refer only to rebalancing. When bubbles appear, intervention can help; when politics changes the investing landscape, intervention can help; when new data demonstrates that a previously stalwart market is now in decline, intervention can help, ditto the obverse. Markets are fluid, which is why I think investing strategies need to be fluid also. If you have 30 years investing in front of you, I agree, simply buy an index tracker and forget about it. But if you do not, being an active participant is the camp I want to be in.