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How much money should we save? (1 Viewer)

Mort Corey

Supporting Actor
Joined
Nov 21, 2003
Messages
981
IIRC, a guy named ?Robert Prechter (sp)? has a compiled a lot of DOW information into the theory. It's been around a while so may even be available in a public library if not on line somewhere.

Mort (that just throws darts ;) )
 

AjayM

Screenwriter
Joined
Aug 22, 2000
Messages
1,224
You're going to have to come up with something better than chaos theory to discount the stock market. Far, FAR too many people have been making accurate "long-term" moves that have paid off than can be just considered "luck" (we're talking about millions upon millions of people here). Read just about anything that Warren Buffet writes as a popular/well known example.

Note that this is far different than trying to be a day trader and trying to make "short-term" profits. In that case I agree that the market can be VERY shaky and is very risky move to make, this is also where the vast majority of people "lose money" when you hear them talk about the stock market. They drop $1k into an online account and try to play the game, instead they make bad moves and get eaten up in fees. The people that make money day trading basically turn it into a full time job and then some in order to do it (and even then some people still miss), which is something most people aren't willing/able to do.

Andrew
 

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