Quote:
Originally posted by hershie
That sounds like you bought the hype of those buy and hold financial planners that always have a quick retort when you look at your decimated portfolio and they say the exact thing you just did likes its a mantra for them to repeat sevral times a day. That mantra made better sense a few years ago then today regardless of the fact that the market has gone up healthlily when you have a longer term time horizon. Buy I am not so sure the understood laws of the market apply going forward for several years maybe and its been a fact that the indexes (and associated funds like Vanguard...) have been getting whipped compared to the actively managed ones reagrless of the differential in MER fee between the two the past 3 years and maybe the next several going forward. I am not sugesting someone invest in either or, just that I don't trust what has happened heretofore to be my guide going forward.
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2 to 3 years doesn't even factor for me for my stock investments.
Money I need in the next 2 to 3 years isn't in an investment type that can theoretically lose 20% to 50% of it's value at any time.
And for my longterm investments I don't feel like agonizing on a daily basic over where the market will go, where the economy will go, where everyone else will go...
*shrugs*