Warren Buffett on market timing: 'We haven't the faintest idea'

[PoindexterOglethorpe]

1. So true.

Trying to time the market is a fool's game. Be invested for the long run.

I happen to have a wonderful financial advisor -- I know a completely discredited sort of person here -- who has done me very well. In no small part, because of him, my income increases a little bit each year. Among other things, he got me into two annuities -- another dirty word here -- and they are paying off quite well. Especially in the recent market downturn. Oh, and if there is any leftover value when I'm gone (and there probably will be a residual value) my heir will get that value.

Honestly, my advisor has done an excellent job. I am making decent money on my relatively modest investments. As mentioned above, my income has increased in recent years. I'm 73 years old, collect Social Security, a small pension, the two annuities, and take money out from my investments every month. Currently, my income is the highest it has ever been, although actually quite modest by most standards.