Re: Betting on another 911
Where do you want it, Fish? Under my mattress in cold hard cash?
Anyone that's under age 40 that has less than 60% of their retirement/savings/long term money not in the stock market is an idiot, IMO. Unless you're within 5-8 years of retirement, THE STOCK MARKET IS NOT A SHORT TERM/TIMING GAME.
I'm in my 20s and have 75% of my money in the market. The sky is not falling. This has happened millions of times over the last 80 years, and it has been consistently proven time and time again that the people who left their money in through fluctuations come out on top on almost any long term time period you can quote (any 10 year period, any 20 year period, etc).
Keep pulling it out, get taxed, and reinvest if you want to "when you think it's safe", I'll leave my money in, compound interest, get taxed at the long term capital gains rate, and not worry the Dow dropped 300 points today and gained 280 tomorrow.
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