For Index Investors, Selling Has Always Been Wrong and Buying Has Always Been Right!
[Investment index, selling at any time in the past was a mistake, buying at any time in the past was correct! 】CLEC Club Date of writing: November 05, 2019 Students asked: Teacher James, Hello? There will always be ups a
[Investment index, selling at any time in the past was a mistake, buying at any time in the past was correct! 】CLEC Club Date of writing: November 05, 2019
Students asked:
Teacher James,
Hello?
There will always be ups and downs in the stock market. Now that the index has reached a new high, I think a correction is inevitable. Ask the teacher, how should I lock in the existing profits? For long-term investment, should you set a stop loss now? For high-priced indices such as SPY and QQQ, how many percentage points should the stop loss be generally set?
My reply:
The market has reached a new high and there is no loss, so how can there be a stop loss! You are talking about stopping profits!
The market goes up and down, but no one knows when it will go up or when it will go down! So there is no way to operate it because I don’t know when!
But in the long run, no matter whether the market goes up or down, it will continue to rise in the end. As long as the future is higher than now, it can rise four or five times in ten years, so why do we need to operate?
The following is a chart of a long-term market rise. Selling at any time in the past was wrong, and buying at any time in the past was right!
Investing means buying the index, holding it for a lifetime, and you will make a lot of money!
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