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View Diary: Internal Wall Street pitchbook shows that you, the clients, are suckers (107 comments)

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  •  Never Buy Stocks, EVER! Buy Index Funds. (5+ / 0-)
    Recommended by:
    JerryNA, ozsea1, greenearth, riverlover, MKinTN

    Buying stock in a company is just gambling pure and simple.  If you want to gamble, go to a casino and enjoy yourself while you lose your money, which you will of course.

    If you want to actually make money in the stock market, the only way to do that is to buy stock index funds from Vanguard or Fidelity or some other major fund family.  Only invest money you won't need for at least 5 years because if you are really unlucky, the market may be down for 4 or 5 years and you will need that time to recoup your losses.

    If you lose money, don't sell unless you have a very good reason, such as you need a tax loss to offset a gain.  You will get your money back eventually.  If you have guts, buy as close to the bottom of the market as possible.  If you had bought in 2009, you would have doubled your money by now.

    I have been invested in funds for over 25 years continuously and I have seen it all.

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