Comments on: I hope my friend listened to me about NOT TIMING THE DAMN MARKET http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Mon, 22 Mar 2010 00:03:30 -0700 http://wordpress.org/?v=abc hourly 1 By: Grodge http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22834 Grodge Mon, 18 Jun 2007 20:39:00 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22834 This chap needs a primer on PERSONAL FINANCE before he even thinks about investing in individual stocks. Life insurance, emergency fund, 401(k), IRA, paying off debt are all things that come way before buying Netflix stock. Just the pre-tax status of a 401(k), with or without a match, is reason enough to max it out. If he can't understand that simple concept, then forget talking to him. Any advice you give him will be either ignored, or worse, misinterpreted and you may eventually be blamed for his financial bungling. http://kalamazoopost.blogspot.com/2007/05/retire-in-9-simple-steps.html This chap needs a primer on PERSONAL FINANCE before he even thinks about investing in individual stocks. Life insurance, emergency fund, 401(k), IRA, paying off debt are all things that come way before buying Netflix stock.

Just the pre-tax status of a 401(k), with or without a match, is reason enough to max it out. If he can’t understand that simple concept, then forget talking to him. Any advice you give him will be either ignored, or worse, misinterpreted and you may eventually be blamed for his financial bungling.

http://kalamazoopost.blogspot.com/2007/05/retire-in-9-simple-steps.html

]]> By: Danielle http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22815 Danielle Mon, 18 Jun 2007 18:16:48 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22815 Actually Finn, I was refering to data I saw from Ernst&Young that ran data for 10 years, ending Sept. 30, 2006. Annualized returns for each of the following: Fully invested: 8.6% Missed 10 best day: 3.6% Missed 20 best days: -0.2% Missed 30 best days: -3.5% (Source: Bloomberg Data collected through 9/30/06) But thanks for report anyways! Actually Finn, I was refering to data I saw from Ernst&Young that ran data for 10 years, ending Sept. 30, 2006.

Annualized returns for each of the following:
Fully invested: 8.6%
Missed 10 best day: 3.6%
Missed 20 best days: -0.2%
Missed 30 best days: -3.5%

(Source: Bloomberg Data collected through 9/30/06)

But thanks for report anyways!

]]> By: Jonathan http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22789 Jonathan Mon, 18 Jun 2007 14:30:36 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22789 Other than the fact that they use the internet and dvds, I don't really see how Netflix is a "tech" stock. Other than the fact that they use the internet and dvds, I don’t really see how Netflix is a “tech” stock.

]]> By: InvestEveryMonth.com http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22450 InvestEveryMonth.com Sat, 16 Jun 2007 17:43:36 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22450 I try to time the market, but my timeframe is in the decades range. I try to time the market, but my timeframe is in the decades range.

]]> By: ChristianPF http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22286 ChristianPF Fri, 15 Jun 2007 16:56:40 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22286 When I think about market timing, I think about how it is just about the opposite of anything Warren Buffet would do. He just buys when he sees a good deal and holds on to it for decades. It's low stress and high reward. When I think about market timing, I think about how it is just about the opposite of anything Warren Buffet would do. He just buys when he sees a good deal and holds on to it for decades. It’s low stress and high reward.

]]> By: RE Agent in CT » Time http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22184 RE Agent in CT » Time Fri, 15 Jun 2007 02:00:25 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22184 [...] Rambi Sethi I hope my friend listened to me about not timing the damn market [...] [...] Rambi Sethi I hope my friend listened to me about not timing the damn market [...]

]]> By: Andy http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22104 Andy Thu, 14 Jun 2007 18:32:09 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22104 401k's are only as good as the match and vesting terms. If you want to invest and look away, invest in the indexes not mutual funds. I would be curious to see Ramit on covestor.com and how his portfolio changes over time... 401k’s are only as good as the match and vesting terms. If you want to invest and look away, invest in the indexes not mutual funds.

I would be curious to see Ramit on covestor.com and how his portfolio changes over time…

]]> By: Brian at babybiotechs.com http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22078 Brian at babybiotechs.com Thu, 14 Jun 2007 16:46:36 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22078 Peter Lynch said (in <i>One Up on Wall Street</i>, "Before buying a stock, I like to be able to give a two-minute monologue that covers the reasons I'm interested in it, what has to happen for the company to succeed, and the pitfalls that stand in its path." Seems like pretty good advice to me. More here (disclosure: I write for TMF): http://www.fool.com/personal-finance/general/2007/06/13/a-masters-advice-at-your-fingertips.aspx Peter Lynch said (in One Up on Wall Street,
“Before buying a stock, I like to be able to give a two-minute monologue that covers the reasons I’m interested in it, what has to happen for the company to succeed, and the pitfalls that stand in its path.”

Seems like pretty good advice to me.

More here (disclosure: I write for TMF):
http://www.fool.com/personal-finance/general/2007/06/13/a-masters-advice-at-your-fingertips.aspx

]]> By: Christine http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22039 Christine Thu, 14 Jun 2007 12:47:43 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22039 I have fallen in love with your blog ever since I first discovered it a couple of months ago; I've been reading it religously ever since. As a young woman and recent college grad with ridicoulous student loans and credit card debt, I vowed to make being financially healthy my #1 goal. This blog is helping me acheive this goal. I only wish more woman would take control of their finances too. THANKS. GRACIAS. ARIGATO! I have fallen in love with your blog ever since I first discovered it a couple of months ago; I’ve been reading it religously ever since.

As a young woman and recent college grad with ridicoulous student loans and credit card debt, I vowed to make being financially healthy my #1 goal. This blog is helping me acheive this goal. I only wish more woman would take control of their finances too.

THANKS. GRACIAS. ARIGATO!

]]> By: Warren http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market/comment-page-1/#comment-22028 Warren Thu, 14 Jun 2007 11:22:31 +0000 http://www.iwillteachyoutoberich.com/blog/i-hope-my-friend-listened-to-me-about-not-timing-the-damn-market#comment-22028 People who don't invest in their 401Ks confuse me greatly. It's a instant, guaranteed return via the employer matching. It's free money and you're just going to leave it on the table? *boggle* People who don’t invest in their 401Ks confuse me greatly. It’s a instant, guaranteed return via the employer matching. It’s free money and you’re just going to leave it on the table? *boggle*

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