Talk of The Villages Florida - View Single Post - How has the stock market been treating you?
Thread: How has the stock market been treating you?
View Single Post
 
Old 09-22-2022, 11:23 AM
Stu from NYC Stu from NYC is offline
Sage
Join Date: Feb 2020
Posts: 15,247
Thanks: 1,261
Thanked 16,241 Times in 6,359 Posts
Default
Quote:
Originally Posted by retiredguy123 View Post
True, but a lot of people lost almost their entire retirement savings by selling low in the 1987 crash, and were afraid to go back into the stock market when it started to go back up. Trying to time the market is a bad idea. I have always invested in the stock market using the "dollar cost averaging" method and with a "buy and hold" plan, and I never had more than about 40 percent of my investments in stocks.
I keep more than 40% as I can deal with risk and think of the long term. Dollar cost averaging is a great way to invest.