10-14-2014, 05:04 PM
yeah Im with channing.
The financial planning industry is dependent on you leaving your money with them even with things go completely tits up. Since investing is 'hard' I guess most people just believe the stuff they say let themselves lose money when they dont have to :dunno:
Dollar cost averaging is something financial planners made up to keep you from pulling all your money out and hurting their commissions.
"In it for the long haul" means that the money you lose now could have been a LOT of money later. Makes even less sense to take losses.
If you pay attention and stay on top of things just a little bit, its not hard at all to make a LOT more money by moving in and out of positions, even if its just a couple times a year, and no need to time things perfectly.
Or you find someone to manage your money who knows how to play the down side and all volatility to make you even more money.
Those guys arent affiliated with an investment bank and dont just sell you an the bank's funds, which is the predominant form of financial planners these days unfortunately.
The financial planning industry is dependent on you leaving your money with them even with things go completely tits up. Since investing is 'hard' I guess most people just believe the stuff they say let themselves lose money when they dont have to :dunno:
Dollar cost averaging is something financial planners made up to keep you from pulling all your money out and hurting their commissions.
"In it for the long haul" means that the money you lose now could have been a LOT of money later. Makes even less sense to take losses.
If you pay attention and stay on top of things just a little bit, its not hard at all to make a LOT more money by moving in and out of positions, even if its just a couple times a year, and no need to time things perfectly.
Or you find someone to manage your money who knows how to play the down side and all volatility to make you even more money.
Those guys arent affiliated with an investment bank and dont just sell you an the bank's funds, which is the predominant form of financial planners these days unfortunately.