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Personal Finance and Investing

PoindexterOglethorpe

(27,727 posts)

2. There is a reason stocks are so high.

Reply to Tomconroy (Original post)

Fri Dec 24, 2021, 01:25 AM

Dec 2021

It's because many companies are doing better than ever. It's not a Ponzi scheme, even though too many here seem to think that's how it works.

Honestly, all of the recent nonsense about a stock market crash is exactly that: nonsense. Oh, and even if I'm wrong, and the market drops a whole lot, do NOT sell your holdings. You lose the most when you sell at the bottom and buy at the top. The best strategy is to buy and to hold. Whenever I see someone who claims to have lost EVERYTHING in 2008 I know that's someone who was trying to time the market. Which is a very bad idea.

I've been investing since the mid 1970s, and in that time I've consistently made money. Hmmm. How bizarre is that?

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Will Santa Claus come to Wall Street? [View all] Tomconroy Dec 2021 OP

Since you mentioned the S&P 500, I notice it set another new all-time closing high progree Dec 2021 #1

There is a reason stocks are so high. PoindexterOglethorpe Dec 2021 #2

"all of the recent nonsense about a stock market crash is exactly that: nonsense" - why do you say progree Dec 2021 #4

Thank you for that post and all the specifics. PoindexterOglethorpe Dec 2021 #5

Just wish I had bought more at the dips! 58Sunliner Dec 2021 #3