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  • Act Defensively, But Not from Fear [View article]
    Sensible approach. Nobody said you have to capture ALL the possible gains.

    Rule 1) Avoid taking big losses.
    Rule 2) Get the biggest gains you can without risking a violation of Rule 1)

    I always have to chuckle when people write articles showing how much better you do 'staying the course' than trying to 'time' the market.

    You know, the "If you missed the 10 biggest gaining days your returns sucked" crowd. What they always overlook in their analyses is what would have happened if you missed the 10 biggest losing days instead.

    Anyone who has really studied the market can improve their chances of better returns by avoiding large market drops. Only problem is it takes a bit of work. There isn't some 'magical' indicator to tell you everything you need to know. There's a lot of experience involved, but it can help.
    Oct 10 11:12 am |Rating: 0 0
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