Posted by Tim Stobbs on July 16, 2008
Here’s the TSX index for the last month.
It’s almost 11% off it’s peak value and people think index investing is boring. Shame on them. It’s sort of like watching a car crash in progress (I suppose I could make a joke about GM). I know I shouldn’t be looking but it is so interesting to watch and I’m curious where the bottom is this time.
I also know timing the market is hard as hell, but when this is like the third major shift down in a year you start to wonder if you could just hit one of them sort of right you could make like 10% in a otherwise difficult year. But that’s just speculation talk and I’m not that brave or stupid (take your pick).
But with all the bad news out there lately I’m tempted to just shut off the TV delete a few bookmarks from my computer and ignore it all for a month. Has anyone else done this? I know I’ve had periods where I ignore things by just being busy. It sort of prevents you from getting overly emotionally involved.