Re: Anyone want to talk stocks and retirement?
Well one thing that can go wrong with waiting for a stock to rebound to its high, aside from the obviously already pointed out "it may never get back there", is that you could be missing out on a bunch of other opportunities along the way.
However, your line of thinking is on the right track (in my mind). The key questions to ask, is why is a stock off its high? What are the chances it returns to its high? Many stocks are knocked signficantly off their heigh by no reason of their own. How many stocks were cut in half in the recent market despite the company continuing to do solid business? How many stocks get hurt simply b/c a competitor is struggling in a fashion that may not relate to their company? Find opportunities and try to take advantage of them. Not all are going to work, so spread things around a bit, but its an approach that has well for guys like Ben Graham and Warren Buffett. If those 2 guys are proponents of something, its worth listening to.