Reply #25: I still consider myself on the steep end of that curve, too [View All]

because I only inherited about 17 months ago.

I've already figured out that being in for the long haul beats jumping in and out depending what the markets are doing. I tried an intellectual exercise in day trading (gave myself $100,000 in play money) and found out I wasn't very good at it before I risked any real money.

I just know the same thing happened last February, that the Shanghai market rebounded and became even MORE overvalued, and that a correction there was inevitable. Since so many investors are lemmings, it is also inevitable that our own market will dive for a few days or even weeks, too.

However, our market is slightly undervalued, indexed to inflation. Theirs is not and may not rebound to the extent that the Dow will.