"Far more money has been lost by investors in preparing for corrections, or anticipating corrections, than has been lost in the corrections themselves."
Peter Lynch.........via rarebird
peter lynch is the guy
Started by
da_cheif
, Jul 21 2023 08:45 PM
3 replies to this topic
#1
da_cheif
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- Traders-Talk User
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Posted 21 July 2023 - 08:45 PM
#2
andr99
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Posted 22 July 2023 - 12:54 AM
very true
forever and only a V-E-N-E-T-K-E-N - langbard
#3
pdx5
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- Traders-Talk User
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I want return OF my money more than return ON my money
Posted 23 July 2023 - 11:39 AM
There has been a 25% correction on average every 4 years since 1929.
Sell in May and buy in October every year has resulted in 3 times bigger capital than buy and hold since 1929.
Will this repeat for next 100 years? I do not care. I am already at age 83.
I like clearing income tax load more often than sitting on a huge capital gain waiting to be taxed.
My variable annuity trading has been free of capital gain taxes so far since I have not taken any cash out.
But I dread cashing out due to huge unrealized capital gains. May be I will just leave it to the children.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
da_cheif
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- Traders-Talk User
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Member
Posted 24 July 2023 - 12:59 PM
There has been a 25% correction on average every 4 years since 1929.
Sell in May and buy in October every year has resulted in 3 times bigger capital than buy and hold since 1929.
Will this repeat for next 100 years? I do not care. I am already at age 83.
I like clearing income tax load more often than sitting on a huge capital gain waiting to be taxed.
My variable annuity trading has been free of capital gain taxes so far since I have not taken any cash out.
But I dread cashing out due to huge unrealized capital gains. May be I will just leave it to the children.
what month in 40 me was jan
