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The Wall Street Journal unwisely offered to print my opinion on whether or not this is a good time to buy stocks. You can read my opinion here. You might need to scroll down.

In the coming weeks and months I will be weighing in on other important questions in the Wall Street Journal's new feature called The Experts. I have often cautioned readers of this blog to ignore advice from cartoonists on any matters financial, medical, or legal. But that was before the Wall Street Journal labelled me an expert. Now I'm fairly certain everything I say is right. You should totally follow my advice for the rest of your life, which should last about a week before something I suggest kills you.

 
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Feb 7, 2013
@Bugswatter

Dogbert has been Scotts alter ego for some time. Scott once said that Dogbert did all the things he was scared to do. Its pretty standard for writers; they channel all their worst impulses into their villains. So that kinda makes Dogbert the villain of the Dilbert universe.
 
 
Feb 7, 2013
I wonder if Dogbert has become Scott's alter ego, now that he has been proclaimed an "expert"....
 
 
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Feb 6, 2013
I actually laughed so loud the company I work for lost stock value. Someone help us out by buying more of it!

I wonder how many people are going to take your post seriously. I mean, it IS on the Wall Street Journal, after all! I'm always amazed at the variety of people who 'get it' versus those who obviously don't. This will be a post to keep an eye on.
 
 
Feb 6, 2013
My advice to everyone - do everything I do - after I do it. Don't buy until after I buy - don't sell until after I sell.
 
 
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Feb 6, 2013
Memo to self: Ignore the advice of the "Wall Street Journal" on all matters pertaining to cartoons, comedy, and humor.
 
 
Feb 5, 2013
Your post reminds me of the old Al Franken bit (now Senator Franken, which defines the term, "Low Information Voters") on Saturday Night Live. Al says something like "Send all your money to me, Al Franken. Why? Because I want you to."

At the same time, for a quasi-socialist, your WSJ article was strikingly Libertarian. At least in the "self-interest" part of 'enlightened self-interest.' But the whole question addressed by your post is, 'should you buy stocks now?' Regardless of how it affects you, it's still a good question to address.

Had the WSJ asked me, my answer would have been, 'probably not.' The stock market is near an all-time high. The time to buy stocks is when they're low. In March of 2009, if you had bought $10,000 worth of ETFs, they would now be worth over $20,000, not counting any dividends. That's roughly a 33% return per year. Not bad.

However, to get the same return over the next three years, the DJIA would have to go to roughly 28,000. That probably won't happen in another three years.

So it would seem like an idiot move to buy stocks now. Well, it depends. If you are a speculator, you should stay away from the stock market now. If you're an investor, then US stocks should be, and should remain, a part of a balanced portfolio. Investment is a method to meet long-term financial goals, not to try to capture day-to-day gains or losses.

People would never attempt to drive their car by looking only in the rear-view mirror, but that's how most people approach investing. When the market is down, they sell out of fear. When the market is up, they buy out of hope. The motto of too many investors is 'buy high, sell low.' Not a good strategy.

To take the Adams Financial Doctrine one step further, what Scott should be doing is looking at some penny stocks, buying a bunch of ones that sound good, and then talking about how great the stocks are in his posts, urging all of us to run out and buy what is sure to be the next big thing. Then, when all of us sheeple run out and buy, he waits until the price goes up and dumps all his stocks. He'll get even richer while we'll lose our shirts.

Actually, I think that's illegal. So don't try this at home. The point is, unless you're a financial analyst, be very careful before making any big, speculative moves in your investment portfolio. You wouldn't operate on yourself, even if you're a surgeon. Don't take stock tips from Uncle Fred, or from Uncle Scott Adams.

Or from me. Find a good, fee-based certified financial advisor (not a broker who is selling a product), agree on your long-term financial goals, and then work your plan.
 
 
Feb 5, 2013
Wow! That is some great advice Scott. I am glad I got some convience checks in the mail recently. I have no idea what an EFT is but I am about own thousands of dollars worth of it. Thanks to you.
 
 
Feb 5, 2013
Loved it!
 
 
Feb 5, 2013
Wall Street Journal post wasn't as good as some of your other financial advice. Well, for me anyway. Hope it works out for you!
 
 
Feb 5, 2013
Well, at least you are honest.


*quietly sells all his stocks in expertise*
 
 
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Feb 5, 2013
I suggest you use the method of "affirmations" to earn money with stocks. I think it will work better.
 
 
Feb 5, 2013
@risingstarlp

It is not necessary for a stock market expert's predictions to come true.

It is a well known fact that "An expert on wall street is a person who knows why what he predicted yesterday did not happen today."
 
 
Feb 4, 2013
Whoa, that's not good. Especially after your Apple predictions have been abysmal of late. You could be an ideal contrarian indicator, however, should readers treat you as such.
 
 
Feb 4, 2013
Wow! Two blogs from you in the same day!

Though it seems you have unwisely accepted Rambis advice and allowed your ego to influence your thinking.
 
 
 
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