Posted by dhermesc on January 15, 2016 at 14:24:45 from (24.248.193.103):
In Reply to: Stock market posted by 37Chief on January 15, 2016 at 12:28:10:
My "theory" for what it is worth is that during a presidential election no one gets elected saying how good things are. Everyone talks about how bad the economy is an eventually the market starts to show it. In September 2008 I sold all my stocks and put everything in my 401k into money market accounts. The only problem was I should have bought back into the market in November but I couldn't screw my courage up until March 2009 when a lot of the stocks had comeback for the most part.
This year on October 1st I put everything in my 401k into money market accounts again, in November and early December I thought I might have screwed up - now I feel pretty good about it.
A while back I listened to a broker talk about if in 1955 you invested $10,000 in the stock market (index funds) on October 1st of every year and pulled it out on May 1st after 60 years you would still have your $10,000. If you put the same $10,000 in the market on May 1st and pulled it out on October 1st for 60 years you would have over a million dollars.
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