Anavex Life Sciences Corp (AVXL)

[Gator328]

Ponzi scheme or not, long term the buy and hold strategy trumps trying to trade the market wave by wave. The absolute worst thing that most retirees should do is trade in and out of the market. Buffett is proof of this strategy.

Hopefully most retirees have reduced their exposure well before this downturn so the impact is minimal. The market is due for a correction but It’ll keep roaring back immediately after — it always will because where else are people going to put their money? Gold has its own set of issues, bitcoin is too volatile and nobody wants to own rental properties either.

You say that very few people make money in the market. I’d venture that anyone who invested in the S&P, or Berkshire Hathaway, or Coca Cola 30 years ago is doing just fine through a conservative buy, hold and reinvest dividends strategy.

I respect your trading skills but I don’t think any blip in the market will last because, again, what is the alternative? Cash is an asset but certainly not a good one during an inflationary period or worse, during stagflation.