Good Mutual Funds
2009-04-13 09:17:25
Hearing stories like this makes me crazy. It is a terrible thing to lose your retirement in this fashion. Especially when it can be avoided so easily. Every investor MUST learn to identify uptrends and downtrends and move to cash when the latter appears. There are a million ways to do it, pick one and stick to it for the rest of your life. I suggest using something based simply on price such as a long term moving average. Just take a look at a chart of the Dow Jones and plot a 200-day moving average. Buy when price is 1% above it, sell when 1% below. Look how you could have avoided getting killed in 2008. Now follow this system for the rest of your life and you are set. You never have to worry again!!
