techzone12

Is the Market Going Lower? Silly Question!

I agree that "It takes years to build wealth". And If I may add, "it takes seconds to destroy it". If you have money that is not yours, or you don't care about, then may be you can "stay the course"! And in the process, you might get "very rich". But that's not very different from gambling.

I have listened to my own gut and stayed out since November of 2007.
No one can predict the future, but we can at least try to minimize the damage. It is called "risk management". For me the risk of loosing was a lot higher than winning. So simply, I decided to play defense for a while. I will be returning, when the economic climate shifts. Two or three things need to happen (in my opinion): 1. The Banks need to come clean. 2.We need to fix the way politicians get elected, so they would serve the interest of the American People, and not the special interest groups. 3. We need to fix the foreclosure crisis. But that's a tall order!