Comments on: Why You Should Ignore the Stock Market

By: Brendon

Brendon — Sat, 01 Oct 2011 00:53:59 +0000

eBanks like Ally bank pay higher interest rates.

By: David

David — Thu, 20 Jan 2011 19:48:02 +0000

3-4% interest in a bank account? What bank is this? My interest rate on a savings account is 0.25% and that’s considered the premium rate because I’m an employee of said bank… it’s one of our “perks”

By: Leo Sigh

Leo Sigh — Tue, 31 Aug 2010 03:36:06 +0000

I’ve made more money by never investing in the stock market. All my money is in a bank account. With a steady 3-4% interest, I’ve made more than I would have on the stock market in recent years.

On top of that, I own the house I live in outright (no mortgage) and also own another apartment which I rent out.

You couldn’t pay me to invest in the stock market. Every study shows it’s going to keep falling in the US and many Americans will lose everything. No thanks.

By: Hank

Hank — Fri, 09 Apr 2010 12:14:33 +0000

Great post! You sort of mentioned it briefly, but I love to use dollar cost averaging to help me buy when the market is low. Being so young and so far away from retirement, I actually usually hope for a dip in the market so I can buy low in order to sell high in retirement. But, I feel bad wishing for a market correction sometimes.

By: Andrew Badera

Andrew Badera — Tue, 14 Apr 2009 12:36:54 +0000

Investing in index funds fails to hold individual companies accountable, and only enables and facilitates executive-level accounting fraud and other non-positive behaviors. In these same 20s and 30s (hitting 30 here) you should educate yourself about solid companies and their equally solid management, buy for value, and invest for the long term.

By: Matt O'Rourke

Matt O'Rourke — Wed, 11 Mar 2009 13:43:52 +0000

I agree completely. Anyone trying to make a quick buck in the stock market is playing with fire. If you are a long term investor, there is nothing to worry about. I would add however, that with stocks so low, I am snapping up some bargains (mainly via increasing 401K and ROTH IRA contributions and buying mutual funds) but I plan on holding them for the long haul.

By: the weakonomist

the weakonomist — Wed, 11 Mar 2009 13:09:22 +0000

In theory it should bother no normal investor. You addressed us young’ns but older people shouldn’t care as much either. Someone in their 40s still has time for a recovery before retirement, and people in their 50s and beyond should have a good amount of their investments in bonds by now and avoided much of this mess.

I’m with you David, we shouldn’t pay attention to the market’s movements.