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Diversification is a risk control strategy that works all the time except when it doesn't!!

Any data to back that up? I would think it would be the other way around with swing traders and investors being more successful.

How long is long term?

It's semantics. Whether an investor, trader, gambler or speculator, the objective is to make a profit. You will probably do fine as any of them as long as you have some kind of risk control in place. (maybe we can rule out the gambler) I wonder how many traders have turned into investors...

I manufactured and sold cages for wild rocks. Nope that's not how I made my millions.

Now below the June low of 17.6k Still waiting for a change in trend.

Only one investor?

I don't know about that. Investors tend to be late to the party and the last ones to leave.

Gotta do what works for you. I'm happy with being a speculator.

Had to go back to the book but I agree with the definition.

I agree and saw that in hindsight. Of the millions of Canadians, I wonder how many actually got out? But we learn from our mistakes. I came up with a strategy that did get me out of the market during the downturns and has me fully invested during the up trends. Right now, I'm over 50% in cash...

I'd like to look left for a year or more before I made a wild assed guess.

Don't know what it costs to fund the kind of lifestyle you want but are you sure 1 million is enough?

Would you show that on a chart?

Whatcha gonna do with the money?

Lets not forget that Enron took down Arthur Anderson

Anything is possible. Not to sure about probable, no fundy's to bring investors in that I can see.

What time period is that?

I bought Nortel or rather Northern Telecom as an investor back when it was a stoggy old telephone manufacturer and paid a dividend. A drip program through the Canadian Shareowners program. Watched it rise and fall, listened to the pundits who swore up and down that it was a solid company and...

Semantics!! At what point did an investor in Nortel become a speculator?