Reply to thread

Message

<blockquote data-quote="olroadbeech" data-source="post: 4749992" data-attributes="member: 52145">all we takeis long positions. going on 30 years.if i tried to time the market over that time our portfolio would probably only be worth half of what it is now. I tried to talk a co worker to stay in the market around 2007-8 when the housing bubble burst. he took everything out of the stock market right before the crash and put it into cash.however he stayed on the sidelines as the market slowly came back. he missed out horribly on the rebound.we are in our 60&#039;s and wonder about our strong stock positions. Buffett says to stay 90% in the s and p even for retirees. that is good enough for me. our house is paid off, we have no debt , we have cash , and our health is fair to good. even if the market crashed and stayed that way for 10 years we would still be okay. that&#039;s the way I look at it . our stocks have gone up about 70% or more in last 3 years so glad we stayed in.</blockquote>

[QUOTE="olroadbeech, post: 4749992, member: 52145"] all we takeis long positions. going on 30 years. if i tried to time the market over that time our portfolio would probably only be worth half of what it is now. I tried to talk a co worker to stay in the market around 2007-8 when the housing bubble burst. he took everything out of the stock market right before the crash and put it into cash. however he stayed on the sidelines as the market slowly came back. he missed out horribly on the rebound. we are in our 60's and wonder about our strong stock positions. Buffett says to stay 90% in the s and p even for retirees. that is good enough for me. our house is paid off, we have no debt , we have cash , and our health is fair to good. even if the market crashed and stayed that way for 10 years we would still be okay. that's the way I look at it . our stocks have gone up about 70% or more in last 3 years so glad we stayed in. [/QUOTE]

Verification