Re:Just own the damn robots
by paulpauper on Tuesday October 17, 2017 @05:40PM
(#15495226)
the problem with this argument is if you wait, you may leave money on the table in the form of:
missed dividends
the possibility that Microsoft grows its profits more
the possibility the stock keeps rising, and then even if it falls, it's still higher than the price you sold
The last reason is why timing the market is so hard. Had you sold the S&P 500 in early 1996 because it was 'too expensive', you would have never been able to buy back at a lower price, ever, even after the crash of 2000-2002 and 2008-2009, and you would have missed all the dividends.
missed dividends
the possibility that Microsoft grows its profits more
the possibility the stock keeps rising, and then even if it falls, it's still higher than the price you sold
The last reason is why timing the market is so hard. Had you sold the S&P 500 in early 1996 because it was 'too expensive', you would have never been able to buy back at a lower price, ever, even after the crash of 2000-2002 and 2008-2009, and you would have missed all the dividends.