Re: Bye-bye to buy and hold
- From: "Uncle_vito" <uncle_vito2002@xxxxxxxxx>
- Date: Thu, 9 Apr 2009 18:53:17 -0700
I choose Costa Rica but I will keep your suggestions in mind. I saw many
expat Canadians there to escape the high taxes.
Vito
"John Galt" <kady101@xxxxxxxxx> wrote in message
news:_cwDl.116223$Yx2.114351@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Steven L. wrote:
Uncle_vito wrote:
They will lose money trying to trade the market. If anything sell
covered calls and vary from 70-25 percent invested in equities. Never
zero and never 100%.
If you cannot do that then get out of the market and don't look back.
The problem is, a lot of parents were using the market to help finance
their children's college education.
But the returns have been dreadful. The market is no higher now than it
was in 1997. That means that parents who started investing for the
children's college education when the kids were six years old have a zero
return and no way to pay for tuition now.
It's trite to say "invest for 20-30 years and you'll be satisfied." Some
of us don't have 30 years, given our needs--college tuition, impending
retirement, serious health problems, etc.
Yep. There;s going to be a lot of people offshoring, possibly. If I was
retiring today, I'd be in India or Malaysia or someplace in that
neighborhood in a heartbeat, just for the sake of cost of living and
medical expenses.
JG
.
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