In the last several years there hasn't been much of a downside. There hasn't been much of a downside, so people have been spoiled. They don't have a clue as to how it really works.
More Quotes from Scott Kahan:
If he saves 2,500 between his 401(k) and outside savings, which he plans to do, this will grow to 526,450 at 8 percent over the next 11 years. The IRA rollover would add an additional 385,000 by age 57, bringing his investments, not including real estate, to over 900,000.Scott Kahan
With interest rates rising, we're advising people to go back to bonds.
Scott Kahan
Don't look at the past six months. Look at the past five, 10 or 20 years of returns.
Scott Kahan
I know people think three days is long term in the market these days. But if you're a long-term investor, 2, 3, 4 percent swings, which are big moves in a day, are meaningless when you look back.
Scott Kahan
In sector plays, you should buy after a down period, when the numbers look terrible. But when you look at a fund, if similar funds have done well and one fund has done poorly, you don't use that logic.
Scott Kahan
Investors have been buying a lot of securities in the last year that haven't made a lot of sense to buy. They bought stocks without knowing why, and so now they're selling stocks without knowing why.
Scott Kahan
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