Link: Experts agree: Get over your fear and get back into stocks – USATODAY.com
As usual, a useless headline. Where were these “experts” in March of 2009? And they’re recommending getting into stocks *now* – after a great 6 months, and after nearly doubling over the last 18 months. And did they tell everyone to sell back in mid-2008? These after-the-fact recommendations are not very helpful. Tell us how to know when to get into the markets *before* the go up and how to get out of them *before* they go down? Since neither they nor anyone else can do that, perhaps we should be pursuing systematic means of buying low and selling high – like a balanced portfolio with regular rebalancing. Anyone who followed that method *did* sell stocks and buy bonds in mid 2008 and *did* sell bonds and buy stocks in mid 2009.
Bottom line – don’t waste too much time with those folks making predictions. As Yogi Berra is supposed to have said, prediction is hard – especially about the future. Instead of trusting your fate and finances to these folks with the dowsing rods and ouija boards, have a solid plan and stick to it.