Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors.


"In other words, for each $1 of capital you have exposed to equity risk currently, you are risking nearly $3 of loss.
Such hardly seems to be a “rewarding proposition,” but those are odds any casino in Las Vegas would love to give you. There is little reason to be overly aggressive in your positioning currently. Investing isn’t a competition for who can say they “bought the bottom.” However, there is a heavy penalty to your retirement goals if you are wrong. When the bottom can clearly be seen, and the economic clouds have dissipated, there will be more than enough of the next “bull market” cycle remaining to profit from. However, if you are spending all of the next advance making up previous losses, it really wasn’t much of an investment strategy to begin with."

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