Why It’s So Hard to Buy the Market at the Bottom and Hang On

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A decade after the stock market’s financial-crisis lows, investors should imagine: If they had bought bottom at the bottom, what would they have done next?, writes Jmackin2

True contrarians only buy stocks when it makes them feel physically sick. This week is exactly 10 years since the vomit-inducing moment when the S&P 500 hit an intraday low of 666 , Citigroup became a penny stock and General Motors was considering bankruptcy.

U.S. stocks stood where they had been 13 years earlier, the financial system was collapsing and investors thought a repeat of the Great Depression was on the way.

 

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jmackin2 Timing the market is a mugs game, time in the market now that’s another story.

jmackin2 ...It crashes at the top...look around...

jmackin2 The ancient proverb that a 'tree cannot grow to heaven unless its roots reach down to hell' applies. You shouldn't expect double-digit returns over a lengthy period without substantial paper losses at some interval along the way. This is the premise and promise of investing.

jmackin2 I did buy at the bottom. Only wish I had bought even more.

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