Originally Posted by
CondoInterested
When you buy at last high, you thought aiya, waste money, but at the current high, it is higher than previous high..
It is easy to talk when looking at historical charts which show you the peak and bottom. It is true that long term price index will always trend upward but one has to remember that our working life is not indefinite and if you catches the wrong end of the cycle, you will be in trouble for long time or even life time.
How many time you have heard story of those who bought in the 1997 peak but then force to sell right before the next bull runs in the mid 2000s. For these people, it will be very difficult for them to recover both financially and psychologically.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."