Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Seriously Underfunded Teamster Pension Funds
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="mrvngrdns" data-source="post: 392857" data-attributes="member: 7204"><p>What makes market timing so difficult is the fact that historically, markets have made dramatic up and down moves in relatively short periods of time. Not being "in" during the best days of a market reversal can mean a huge difference in a total return. History is littered with once-hot newsletters, such as the Elliott Wave, who touted themselves as market timers. I personally prefer index funds to funds with active managers, they have lower fees, and generally do just as well. I'm in my 50s, and have become more and more conservative as I age, but in the case of pension funds, it's in their best interest to stay invested to a large degree. I do think that in the past, some pension funds have become greedy during good times, and took risks that they shouldn't have, and got burned, to the detriment of people who had worked their whole lives to earn that pension.</p></blockquote><p></p>
[QUOTE="mrvngrdns, post: 392857, member: 7204"] What makes market timing so difficult is the fact that historically, markets have made dramatic up and down moves in relatively short periods of time. Not being "in" during the best days of a market reversal can mean a huge difference in a total return. History is littered with once-hot newsletters, such as the Elliott Wave, who touted themselves as market timers. I personally prefer index funds to funds with active managers, they have lower fees, and generally do just as well. I'm in my 50s, and have become more and more conservative as I age, but in the case of pension funds, it's in their best interest to stay invested to a large degree. I do think that in the past, some pension funds have become greedy during good times, and took risks that they shouldn't have, and got burned, to the detriment of people who had worked their whole lives to earn that pension. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Seriously Underfunded Teamster Pension Funds
Top