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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Slava Chechik who wrote (38641)8/5/2002 7:05:00 AM
From: Robert Scott  Read Replies (3) of 52237
 
Brilliant - stop investing at or near the bottom, only buy when stocks are rising - talk about losing sight of your future! This is the kind of sentiment needed for a bottom. The truth is that stocks are the only place to be long term - no 2 or 3 year decline will change that. Shake out all the make me rich quickly chumps - that's what we need. I certainly understand the sentiment but it never feels good near the bottom and it always feels good near the top. If you had invested $1000 near the peak in 1929 at 380.30 (Aug 1929 month end) and continued to invest $1000 each year at the end of August for 40 years (Dow @ 836.70 August 1969), you'd have made 300% profit - and your investment would have grown 4 times - far exceeding inflation (CPI went from 17.3 to 37 (up 113.9%) and any other investment vehicle. Them's the facts and those who ignore it do so at their retirement peril.
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