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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.


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You can't brand people idiots for being conservative. There is no cookie-cutter investment approach for long-term savings, despite Wall St's constant mantra.

Before you call people idiots, you have to consider their investment objectives and risk tolerance. Sure they'll be giving up some EV, but maybe one of their objectives is to be able to sleep at night.

I do however agree that timing for the vast majority of people is -EV, and market volatility shouldn't influence your long term asset allocations.

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If you're investing over a long enough period, stocks are less risky.