Twins Fan wrote:These "buying opportunities" some are getting so excited about are likely to amount to next to nothing 10 years from now. But hey, if it makes some feel better, I guess....
Well you can continue to think that but you can be sure there will be a large correction at some point. History tells us so. Just be happy for those of us who are willing to sit out and wait.
What happens if the market goes up another 40% before the "large correction" occurs?
Look at THIS thread. There are people who went to cash in 2011 (when this thread started) because they were sure a "large correction" was coming...
There have been plenty of other threads in 2012 and 2013 where people went to cash and posted exactly what you posted... "A large correction is sure to come"
The market is up so much since then though, that even if there is a 30% crash, those people will STILL be unable to take advantage.
You may be right... Sooner or later, someone like you who posts a "large correction is sure to come soon" will be right... It may even be you.
But it may instead be some guy in 2017 who is right (Note I'll be telling him about that guy back in 2015 who was sure too).
I also agree there will be large correction someday... I'm just smart enough to know that I have NO idea when... I'll just ride the market up and down, and control risk by being 50/50 stocks/bonds. In the long-run, I'll just get the average market return, which is pretty good, even INCLUDING all the "large corrections".
You don't have to get out in order to make money long-term in the market. Trying to beat the market by being out during the bad times, and in during the good times, is very difficult. You have a good chance of doing WORSE than the market when trying to time the market.