http://www.joetaxpayer.com/buy-high-sell-low/ Financial Commentary For The Average Joe Mon, 06 Feb 2012 21:56:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.joetaxpayer.com/buy-high-sell-low/comment-page-1/#comment-697 JOE Fri, 01 Aug 2008 05:17:27 +0000 http://www.blog.joetaxpayer.com/?p=189#comment-697 Dave - I don't have the answer. I hope that people reading these posts and the articles and/or data I quote will help them avoid some of these mistakes. People can only protect themselves so well to try to insulate themselves from the life events you cite. Even the best prepared person can't avoid the consequences of a major tragedy. Joe Dave – I don’t have the answer. I hope that people reading these posts and the articles and/or data I quote will help them avoid some of these mistakes. People can only protect themselves so well to try to insulate themselves from the life events you cite. Even the best prepared person can’t avoid the consequences of a major tragedy.
Joe

]]> http://www.joetaxpayer.com/buy-high-sell-low/comment-page-1/#comment-690 Dave Shafer Thu, 31 Jul 2008 15:33:43 +0000 http://www.blog.joetaxpayer.com/?p=189#comment-690 Joe, this has been a well known phenomenon for 20 years. How do you suppose investment counselors account for it? Simply telling folks not to doesn't cut it. And, beyond that when you look at individuals you find that they take funds for emergency uses, like loss of job, sickness, caring for parents, kid expense like private school and marraige. This is the whole fallacy of mutual fund investing. Few folks go 35 years without some periods of time with no inputs. Its called life events. And when you add in the emotions which people invest with, you have the results we have. Joe, this has been a well known phenomenon for 20 years. How do you suppose investment counselors account for it? Simply telling folks not to doesn’t cut it. And, beyond that when you look at individuals you find that they take funds for emergency uses, like loss of job, sickness, caring for parents, kid expense like private school and marraige. This is the whole fallacy of mutual fund investing. Few folks go 35 years without some periods of time with no inputs. Its called life events. And when you add in the emotions which people invest with, you have the results we have.

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