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<p>[QUOTE=&quot;Endeavor, post: 2286538, member: 60292&quot;]I like your approach. I find myself thinking along a similar line. No one knows what the bottom (or top) is going to be. The only people who may know are those with any inside information. Even then it&#039;s not a guarantee. </p><p><br /></p><p>I do think there are those that read and study a lot about economics and therefore have a good idea of what is more likely to happen, but even those people are wrong. And wrong more often than one might think. In order to profit long term (based soley on speculation), you only need to be right about 55-60%, after figuring in costs and commissions. So someone who speculates correctly in price movement 70%+ of the time (on a year to year timeframe) will become rich (or more rich) very quickly using compounding to their benefit. I really don&#039;t think there are many, if any, speculators out there who can predict at that rate of success (again, on a year to year timeframe).</p><p><br /></p><p>Now if the &quot;professionals&quot; have a hard time getting it right that often then how is the common man, such as myself, supposed to get rich investing? All we can do to build a nice return is look to long term growth by consistently buying dips and selling highs.&nbsp; </p><p><br /></p><p>Of course anyone can go &quot;all in&quot; and strike big and quick, but you are more likely to lose your ___. Even if you do hit it big once, you probably won&#039;t be as ahead as you would long term. So you would have to strike big a few times to get there. Then it becomes exponentially high risk. This is the equivalent of russian roulette, financial style, with more than one bullet in the chamber.[/QUOTE]</p><p><br /></p>

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