Comments on: The Bad Lessons of the Great Recession http://www.theamateurfinancier.com/blog/bad-lessons-of-the-great-recession/ Thoughts on Money, Investing and Life Thu, 09 Feb 2012 04:45:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Roger http://www.theamateurfinancier.com/blog/bad-lessons-of-the-great-recession/#comment-169 Roger Tue, 02 Jun 2009 00:30:53 +0000 http://www.theamateurfinancier.com/blog/?p=539#comment-169 @ MLR: It does go against the nature of most people, but then so does much of financial planning; putting aside resources for years, decades even, to save for a retirement that may never come isn't the sort of thing people have been doing for a very long time. Heck, the modern concept of retirement isn't that old itself; it only dates back to the railroad pensions on the nineteenth century, if that. But indeed, while it is an understandable impulse to be afraid right now, it's good to remember Warren Buffett's advice: 'Be greedy while others are fearful and fearful while others are greedy.' Invest now, and you'll be in good shape when things turn around (which they will, doomsayers aside). Roger @ MLR:

It does go against the nature of most people, but then so does much of financial planning; putting aside resources for years, decades even, to save for a retirement that may never come isn’t the sort of thing people have been doing for a very long time. Heck, the modern concept of retirement isn’t that old itself; it only dates back to the railroad pensions on the nineteenth century, if that.

But indeed, while it is an understandable impulse to be afraid right now, it’s good to remember Warren Buffett’s advice: ‘Be greedy while others are fearful and fearful while others are greedy.’ Invest now, and you’ll be in good shape when things turn around (which they will, doomsayers aside).

Roger

]]> By: MLR http://www.theamateurfinancier.com/blog/bad-lessons-of-the-great-recession/#comment-168 MLR Mon, 01 Jun 2009 15:09:05 +0000 http://www.theamateurfinancier.com/blog/?p=539#comment-168 Good advice! A lot of it does ask people to go against their nature, though. After watching parents and loved ones lose 40% in their investment portfolios, MOST people will have an inhibition to going into the market. Understandable, but you have to put that behind you! MLR Good advice!

A lot of it does ask people to go against their nature, though. After watching parents and loved ones lose 40% in their investment portfolios, MOST people will have an inhibition to going into the market. Understandable, but you have to put that behind you!

MLR

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