Posted on 08/04/2011 1:35:40 PM PDT by tobyhill
I pulled out of equities in December 2006. I avoided the market crash of fall 2008 and I’ve been looking to get back in ever since. I’ve never found a good re-entry. Here is is almost 5 solid years later - think about that. 5 solid years since I got out of the market even before the S&P hit 1550 - and I have no regrets about getting back in because all I would have done is lost a little money.
I sleep well at night, my money is safe, and I am STILL looking for a re-entry point to reinvest my money.
I really think the S&P belongs around 750-800 and I keep waiting for it to stabilize down there. We had a brief period in early 2009 when it fell to those levels, but never stabilized. Yes, I could have just jumped on anything back then, but that is not how I work.
All I know is it has been over 4 1/2 years that I have had my money safely out of the market and have saved myself a haircut or two in the meantime.
I’m going to. More stock options in the corporation I work for too.
Good on ya. I’m doing the same
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