Yeah, Chucky Schwab said that in the 80s....but this is a different time. HFT and fudged reports and stock buybacks and seasonally adjusted numbers....and all figures based on infinite growth. They plan on further dollar devaluation so nobody notices the gains are absorbed over time. Lack of interest/return on CDs/savings accounts has a lot of money in the market that shouldn't be IMO. A lot of people are up for a haircut that can't afford it.
If you trust the fake numbers, the corporations, the lawyers, the accountants, the brokers, the govt - all....with your money, then stay in. I'm out and won't go back until valuation gets close to real. I can make more with my capital on my own and don't require a forced savings account, which is what most 401k are. If you can't manage your money then the lack of access saves you from yourself. That's the only nice thing I have to say about the current system, ha.
We are still at all time highs. There is good reason to be cautious and have some liquidity.
I really hope you're just trolling. I am not going to debate you on this, not worth it. If you are not trolling, I hope you wake up, before it's too late for you.
This is for other Getbiggers reading this.
Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to SeeWarren Buffett, letter to Berkshire Hathaway shareholders, 1996 "Most investors, both institutional and individual, will find that the best way
to own common stocks is through
an index fund that charges minimal fees."
http://www.berkshirehathaway.com/letters/1996.htmlWarren Buffett’s 15-Minute Retirement PlanIf Warren Buffett weren't the world's best stock picker, how would he plan for retirement?
Luckily for the rest of us, he's answered this question before. In an annual letter to shareholders, Buffett laid out a retirement plan that would take just minutes to implement. This is the very two-pronged plan he outlined for governing the trust he's leaving behind for his wife:
My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and
90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's. (NASDAQMUTFUND:VFINX)) I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions, or individuals -- who employ high-fee managers.
Buffett suggests the Vanguard S&P 500 index as one of the best funds for investing in U.S. stocks. A good fund for short-term government bonds can be found under the same roof. The Vanguard Short-Term Government Bond Index Fund (NASDAQMUTFUND:VSBSX) should fit investors just fine for this purpose.
http://www.fool.com/investing/general/2016/01/06/warren-buffetts-15-minute-retirement-plan.aspxVanguard 500 Index Fund Admiral Shares (VFIAX)https://personal.vanguard.com/us/funds/snapshot?FundId=0540&FundIntExt=INTVanguard Short-Term Government Bond Index Fund Admiral Shares (VSBSX)https://personal.vanguard.com/us/funds/snapshot?FundId=1942&FundIntExt=INTeBook: If You Can: How Millennials Can Get Rich Slowly
by William J Bernstein
$0.99http://www.amazon.com/If-You-Can-Millennials-Slowly-ebook/dp/B00JCC5JKI/ref=sr_1_1?s=books&ie=UTF8&qid=1408805650&sr=1-1&keywords=if+you+canVanguard Total Stock Market Index Fund Admiral Shares (VTSAX)https://personal.vanguard.com/us/funds/snapshot?FundId=0585&FundIntExt=INTVanguard Total Bond Market Index Fund Admiral Shares (VBTLX)https://personal.vanguard.com/us/funds/snapshot?FundId=0584&FundIntExt=INTVanguard Total International Stock Index Fund Admiral Shares (VTIAX)https://personal.vanguard.com/us/funds/snapshot?FundId=0569&FundIntExt=INT
