Are we still in a bull market or a market correction or a bear market? In my opinion we're in a market correction.
Do you mean, is it going to go up or down next? No one knows and those who say they do are either lying or delusional. As buffet said this morning on cnbc, if you try to time it you might as well go to vegas.
No, the best time to buy is when they have already gone down, like say march 2009. But more importantly the best thing to remember is the bulls win and the bears win and the pigs lose. Just average in to a nice noload index fund over the long term and in about 30 years you will be sitting pretty.
I think we are in for long term stagnation, when you get down to it the Fed and financial engineering (stock buy backs ect....) is the reason for this rally. ----- I would love to see a 50% correction. When interest rates rise can you imagine the interest payment on a 18 trillion dollar debt. Mind boggling.
June, I really don't invest in the stock market anymore for myself, I do it for my kids and nephew they are 4, 6 and 9 (preschool, 1st grade and 3rd). ----- most of if not all of the money I invest for them is indexed in the following 3 indexes (visvx--vanguard small cap value index/ veiex--- vanguard emerging markets index / vgsix --- vanguard REIT index). They will not need this money for 50 years so I think indexing is perfect for them. I personally own only 5 stocks and live off the dividends they produce. (Exxon mobil, General Electric, coca cola Johnson and Johnson and proctor and gamble). ---- these companies have increased their dividends for over 40-50 years straight and been around since for over. 100 years. I have never sold a share in any of them and only added to them over last 20 years. I love companies that increase their dividends every year, it's like getting a raise every year for doing nothing. I also own 4 rental properties with no mortgages for cash flow and live off the rent of those 4 rental homes as well. ------they rent for on average 1, 500.00 a month each. My partnership/business we keep all income in the company and take a large end of year bonus. In the end I basically live off my rental income from 4 rental properties, dividends and company profits. Kids---- yes long term stock market indexing over 50 years time horizon, me I like cash flow income. If the market crashes and things get cheap I will buy more but for my peace of mind I don't rely on it to support me, my kids will because they are only in elementary school.
You both have a long term perspective and are doing very nicely. That's what people need to understand. It's a long term thing.