“Investors Should Always Be In The Stock Market”
$DIA, $SPY, $QQQ, $RUTX, $VXX
Investment guru Jack Bogle, 89 anni, gives some common-sense advice to savvy investors very similar to many lottery-advertising slogans: You have to play to Win!
The Vanguard founder and former CEO advises that investors shouldn’t try to time the market. “Never, never, never be in or out of the market. Always be in at a certain level,” he said in a TV interview Wednesday.
Mr. Bogle explained that many investors sold their stocks when markets took a severe fall during the Y 2008 financial crisis, and these people missed out on all or part of the market’s dramatic rebound since then he told the interviewer.
“It shows you when you act on the emotions of the marketplace you’re making a big mistake,” he said. “Stay the course, don’t let these changes in the market, even the big one [like the financial crisis] … change your mind and never, never, never be in or out of the market. Always be in at a certain level,” he said.
Mr. Bogle said he keeps 50% of his investments in stocks.
Never be out and think you can get back in because your emotions will defeat you totally,” he said. “Short-term betting is not a good way to go.”
When you look at a ‘speculative return’ you can change valuations on stocks right now.
“Nobody knows the future. Say, the growth of our gross domestic product, probably a 4.0% rate next year. I do not think a recession is very likely,” he said.
Wednesday, the major US stock market indexes finished at: DJIA +27.86 at 25998.92, NAS Comp-18.24 at 7954.26, S&P 500 +1.03 at 2888.66
Volume: Trade on the NYSE came in at 764-M/shares exchanged.
- NAS Comp +15.2% YTD
- Russell 2000 +11.7% YTD
- S&P 500 +8.1% YTD
- DJIA +5.2% YTD
HeffX-LTN’s Major US Stock Market Indexes Technical Analysis