Originally Posted by acura9927
I got burned in the 2000 Nasdaq crash and have not recovered. So thats why if I have a windfall I would say screw it to the stock market and not tempt fate a 2nd time. I have modest taste- a nice motorcycle, good health and travel once a year to a far away place is all I require if I hit it rich.
The 2000-2001 NASDAQ crash was a perfect example of a spike. In this case the spike was so narrow (brief in time) that only those who tried to "time" the market are likely negative at this point. Perfect evidence for dollar cost averaging over timing strategies. Or to put it another way, if you erase the 24 months or so of the spike, the NASDAQ has a steady climb in value, since 1978, a perfect place to put money.