Quote:
Originally Posted by jluetjen
My MBA Finance professor said that if you see a $10 bill on the floor of the stock exchange, don't bend over and pick it up -- because it's not real. If it was, someone would have picked it up before you. I believe that this pretty well sums of the "Chicago School" of thought on the subject.
BTW - I wasn't advocating market timing. But selling just because the market is down and you have paper losses is a great way to lock in those paper losses for the very simple reason that it violates that little piece of common sense that I quoted.
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I agree. If you want to be tactical with cash on the sidelines, now would be a good entry point. Don't quote me next week, and say I was wrong. Look back 5 years from now, is more my point.
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Looking for 87-89 Silver Cab 911, black interior, must be low miles, near pristine, no accidents, well sorted.
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