I haven't added to this thread -- because frankly - there's not much more to add to it.
This morning I got an email from a buddy asking about whether or not now is a good time to put more money to work - or was the market too high. I think I get this same style question hourly. I also respond to it the same way.
I.E.,
The longer you wait for just the right moment to invest - the longer you're out of collecting the dividends. The longer you wait - in an UP market - the more gain you loose out on. Will it go down from where you get in today or tomorrow. ABSOLUTELY. Are you investing for next Saturday, or for 10 - 15 - 30 years?
I hate this question because it shows me the "asker" isn't really committed to INVESTING -- they're only committed to instant gratification. They'll be the first people to sell when the market goes down - losing money - and throwing in the towel. The minute they're "out" the market will go on a 10 year tear upward - leaving them behind - when everyday they once again think the market is "too high". If it wasn't going UP for the last 40+ years.... nobody would have ever invested in it. LOL
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