Comments by "" (@mrpmj00) on "Mohamed El-Erian: The window for Fed's tapering is closing" video.

..The problem about waiting for the stock market to tank 5%-20% is that while you are waiting, it probably went up by the same percentage so you're buying at the same price now as you would have months ago. And if the market doesn't tank, then you're buying higher. that's what they said last year and now those who stood on the sidelines are paying 60% higher because the market goes up in the long term! That's what those who stood on the sidelines in 2009 said and now it's 4-5 times more (or 450% return) because the market goes up in the long term! I bought these on the dips in the last few days. Amazon Facebook Apple Microsoft Peter Lynch always mentioned this great quote “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” Buy great companies and just hold for the long run!
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