A bear might say, “Sell your stocks, the market is about to tank!” Whereas a bull may say, “Buy now, the market is about to shoot higher!” The truth is that nobody can predict exactly when the market will go higher or drop, so this thinking is what I call “crystal ball syndrome.”
People planning for retirement will often put money into a Roth IRA or Roth 401K account, but that may not always make sense. This applies to both normal and early retirement. Everybody has different situations, so it is important to consider tax implications before blindly contributing to a Roth account.
I say plenty of things about saving and investing on this blog, but how about starting a stock experiment? Let’s experiment to see how stocks picked by the readers perform compared to the S&P 500. I don’t really recommend picking individual stocks over putting them in a fund, but for the sake of this experiment, I will.