Quote of the Day


“If it really matters to you what the market does in the next several months or years, you shouldn’t own stocks.
Sorry to alarm you, but stocks are a very risky investment over periods of less than five to 10 years, no matter what the market is doing. If you need your money before then, you shouldn’t have it in stocks.

“The last thing you should base your investment strategy on is what the market has done. One of the most common and most devastating mistakes investors make is “driving with the rearview mirror,” as Warren Buffett puts it. Specifically, they buy investments that have done well and sell those that have done badly. Although this strategy feels comfortable, it is idiotic.”


Click here for full article from
The Slate

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