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Berkshire Hathaway Inc. Message Board

  • jad1148 jad1148 Aug 15, 2003 8:31 AM Flag

    Still sitting on the sidelines

    I couldn't help but think of WEB when I read the first two sentences!

    Andrew Tobias is the author of "The Only Investment Guide You�ll Ever Need: How to Manage Your Money in Today�s Economy."

    The hardest thing is to sit on the sidelines in "cash" earning some pathetic 1% or 2%, waiting for the right time to recommit. But better to earn 2% than lose 20%. The even harder hardest thing is recognizing when to jump back in. (One answer: when valuations, once unreasonably high, have gone well past reasonable to unreasonably low.) But the hardest hardest thing is successfully "timing the market." So if you're really in it for the very long term�and especially if you can keep making additional periodic investments if/as the stock market goes further down�then you should begin getting back in for the long haul.

    Whatever you do: Keep your expenses and fees low.

    Excerpt from:

    http: //flagship5.vanguard.com/VGApp/hnw/web/corpcontent/vanguardviews/jsp/VanViewsNLArticle.jsp?chunk=/freshness/News_and_Views/news_ITV_spring2003_challenges_PB_CO_AO.html

 
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