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In Remembrance
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What does July 2002, October 2002, March 2003, November 2008, and February 2009 have in common?
S&P 500 index fell below 800. Seriously. Do a 10 year search on the index. It did it again today. I made a little over 15% the first 2 times within 30 days (July 2002 only took 10 days). I chickened out of March 2003 (beginning of Gulf War). Last November, close to 20%. After 15 days. This time??? Bottom line, the index doesn't wanna be at 800. It likes 900 as a minimum. There's a penalty for selling stuff ya hold less than 90 days. It's only 1.5%. Got guts? Go for it! No wonder I got heart problems. Stress... But I really hate losing money and will do whatever to get some of it back. I do this with Fidelity Spartan S&P 500 index fund. Vanguard's 500 index fund has worked for me too. I'm not advocating anything. I think every major group has an index fund. Tom |
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