Mark Cuban on How to Get Rich

Re:Mark Cuban on How to Get Rich by johnrob on Saturday October 04, 2008 @04:45PM (#323654)

You're never going to get a good interest rate in money markets. Sure, safe havens are looking good over the past 12 months - but the stock market is going to kill them in the long run.

Some people try to time the market, shifting their assets between safe and risky. However, doing this involves both the labor of research and the risk of being wrong. You're probably best off in the long term if you just stay with the market. Unless you want to spend all of your time doing financial research, in which case you can probably increase your std deviation (but not your expected return).

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Re:Mark Cuban on How to Get Rich by mynameishere on Saturday October 04, 2008 @05:54PM (#323677)

Timing the market isn't that hard sometimes. Look for the hockey stick and avoid it. Say what you will about money market funds, but when you actually see the widespread bloodbath going on,

http://vanguard.com/us/FundsByName

...that +2.0 percent return is pretty sweet next to 75 different funds' 20 percent losses. Cuban himself evidentally recommends CDs...

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Re:Mark Cuban on How to Get Rich by antiismist on Saturday October 04, 2008 @08:16PM (#323737)

He doesn't recommend CDs for 401(k)s though. He recommends it because he believes it is important to have quick access to cash in order to take advantage of opportunities.

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