Quite true. Which is why if you’re starting out it’s best to get into an index fund where things can be rebalanced on a regular basis so a flop like GE or GM won’t ruin things.
-D > On Jan 1, 2021, at 10:37 AM, Andrew Strasfogel <astrasfo...@gmail.com> wrote: > > But if you had used the same approach with GE or GM there wouldn't be such a > happy ending. > > On Fri, Jan 1, 2021 at 8:58 AM Dan Penoff via Mercedes <mercedes@okiebenz.com > <mailto:mercedes@okiebenz.com>> wrote: > Pretty much what I’ve done/said. > > If you’re going into the markets, you have to play for the long game, it’s > the only way to make a good return. If you’ve got a solid favorite, invest in > them and stay with them as long as possible, and as Jim said, don’t churn and > don’t look at it constantly. > > I started buying Apple in the early 90s. I rolled a 401k from a former > employer over into AAPL in the late 90s. Even when I was a stay at home Dad > working part time in the early 00s I tossed every spare dime I had into it. > It’s now funding my retirement quite well. > > Not every story works out that way, but even with an average return that an > index fund gives you over time, you’re still well ahead of the game. > > -D > > > On Dec 31, 2020, at 10:40 PM, Jim Cathey via Mercedes > > <mercedes@okiebenz.com <mailto:mercedes@okiebenz.com>> wrote: > > > > My best investment has been buy-and-hold. I bought some shares of > > an employer at $3.50, with no expectation that it would ever exceed $20. > > I just sold some of it at $175 nearly 20 years later, because I was NOT > > micro-managing it. That what-the-hell stock purchase became the single > > biggest component of our retirement portfolio. Pure luck, really. I've > > sold half of it so far, to reduce our risk. > > > > 10 years is a bit short for a stock-market timescale, say if you were > > planning to buy a house, but neither IRA should be what you're putting > > into for house-buying as your next big money need. An IRA definitely > > makes sense if there's an employer match, because that is just plain > > free money. For _retirement_ timescales. > > > > Were it me just starting out, and not working for a company with a 401K > > and matching funds, I'd dump any excess into managed funds with a long-term > > aggressive focus. And don't churn! Pick well and hang on to it, generally. > > If it helps keep you sane, don't look at it too often. > > > > -- Jim > > > > > > _______________________________________ > > http://www.okiebenz.com <http://www.okiebenz.com/> > > > > To search list archives http://www.okiebenz.com/archive/ > > <http://www.okiebenz.com/archive/> > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > <http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com> > > > > > _______________________________________ > http://www.okiebenz.com <http://www.okiebenz.com/> > > To search list archives http://www.okiebenz.com/archive/ > <http://www.okiebenz.com/archive/> > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > <http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com> > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
