Dow rallies 1,000 points, logging its biggest single-day point gain ever

CNBC ^ | 26 Dec. 2018 | Fred Imbert & Eustance Huang

[dp0622]

WHERE were you when I was an idiot in my 20s and half of my 30s trying to strike it rich with that 10,000 percent gain stock?

You gave the ONLY advice an investor needs.

[plain talk]

WHERE were you when I was an idiot in my 20s and half of my 30s trying to strike it rich with that 10,000 percent gain stock?

We've probably all been there. I remember a few decades back trying to play China and India and did real well for a while until it came crashing down. And then I bailed out during one of those early 2000s crashes and bought back in at a higher price.

I eventually learned those "Coffee House" investor strategies are right. It is counter-intuitive but lazy investing works well. Also - increase your savings percentage every time you get a raise. That was the game changer for me that allowed me to comfortably retire.

[dp0622]

I’m still looking at 20 years (makes it sound like a sentence :) )

I will utilize the raise/savings advice going forward.

Thank you.

[gleeaikin]

It will be interesting to see what happens on the Dec. 31st. I just took some year end money out of my IRA, so of course am hoping for an up day.

[Candor7]

I do not thinbk there will be a massive sell off on the 31st December.

But there will be some volatility.

Most people are waiting to buy their wish list stocks for 2019 when they hit their lows. Many have already done.