Uh, not exactly. Buying in the spring of 2000 or late 2007 weren't good buying opportunities. If you had a crystal ball and knew to buy in March '03 or March '09 you did well, though.
To clarify, I was speaking in general of the index drawdowns. You're right, if you can stomach the draw, you could "take a helluva lot of heat" but you will eventually come out ahead, at least that's been the historic chart pattern.
Uh, not exactly. Buying in the spring of 2000 or late 2007 weren't good buying opportunities. If you had a crystal ball and knew to buy in March '03 or March '09 you did well, though.
Yes, however the Spring of 2000 saw the Nasdaq begin to plunge, so it's a matter of where you scaled in. I never said late 2007 was a buying opportunity. There wasn't a significant draw, which didn't come until fall of 2008, or March '09 as you stated.
