“The idea is to buy low and sell high. Poor old mom and pop can’t seem to get it right. They buy high and sell low. Dalbar, an outfit that tracks investment performance, calculates that $100,000 invested 20 years ago would have grown to $484,000 if you just left it in the S&P 500 and did nothing else. But the typical investor waited too long to buy and then sold out when stocks went down. At the end of 2012, he had only $230,000. And now that stocks have been run up – by the Fed’s easy money policies – for 5 years, Mom and Pop can’t help themselves. They’re back in the stock market…ready to be skinned again.”
Related posts:
Repealing the Anti-gun ObamaCare Law
Edward Snowden and Joshua Glover
Jacob Hornberger: Memorial Day Is Based On A Lie
Wars of the American Global Frontier
Errant Code? It’s Not Just a Bug
Ron Paul: Immigration 'Reform' Will Turn the US into a Police State
Doug Noland: Intimidate Nobody
Believe a Politician and You Will Lose Your Money
Bill Bonner: Is it time to choose sides in Egypt?
Paul Craig Roberts: The Special Interests Won Again
Fast-Food Strike Means Time to Buy Gold
Is every nation on earth besides the United States "isolationist?"
Peter Schiff: What Doesn't Kill Gold Makes It Stronger
Mocking Obama, Romney, and the Rest of the Political Clowns
Bill Bonner: A Personal Appeal to Barack Obama