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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: octavian who wrote (42188)1/17/2009 2:32:26 AM
From: Skeeter Bug  Read Replies (1) of 42834
 
>>--Right. But that doesn't mean anything.<<

it sure did to me. i'm doing *way* better than someone who dollar cost averaged into the bubble since 1998.

>>I remember people in late 1994 saying the market was overvalued and "too dangerous." Of course, we all know how those predictions turned out.<<

you'd be surprised that some of those folks have outperformed someone who dollar cost averaged into the S&P since 1994.

in fact, i'd venture to say that someone who dollar cost averaged into the S&P since 1994 is lucky to be even right now - and down pretty big once you factor in inflation.

>>(If it wasn't for brinker, I may have listened to the doom and gloomers, and stayed on the sidelines. If I had, I would still be working at age 68).<<

i don't know what you did, but it may well have just been blind luck as someone will be lucky under any scheme. people have done well throwing darts at the business section. it doesn't make a smart thing to do in general.

btw, have you calculated brinker's returns? if he's been dollar cost averaging since 1998, he's down pretty big. while he can ignore all his losing trades and paper losses, his broker will not.

did you take a look at the nikkei? if you duck your head in the sand, you may well be working again. believe me, lots of folks are out working again that thought they were retired.
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