Posted on that other board. I looked for a link but maybe it's not up yet (emphasis mine). Well, people are definitely getting the idea aren't they?
The Sunday Oregonian April 1, 2001 Sunday
"FISCAL FOOLERY, IN HINDSIGHT, by Julie Tripp
3. TRYING TO TIME THE MARKET:
...Imagine putting most of your 401[k] into cash in January 2000 when the Nasdaq was more than 4,000. Then imagine switching it back to technology and aggressive growth stocks in November, when the Nasdaq had fallen to 2,900. Those real calls made by Bob Brinker, a popular radio host…. the strategy was just dumb enough to have cost you nearly half your kitty, because you went to cash too soon in January -- the Nasdaq had another 1,000 points to go before its top -- and you got back into stocks too soon in November. The Nasdaq has since fallen another 1,100 points -- 38 percent. So instead of losing 10 percent or so last year on a retirement account invested in stocks, bonds and cash, you end up down 50 percent or more because you tried to make a killing on a comeback that hasn't yet come back."
Yep, looks like the word is starting to get out. |
