Do you really think you will get rich in the long run by picking bottoms? Look at a long term chart of the SP500 and be honest with yourself: How many of those bottoms could you have picked sucessfully? You get rich through compounding over time, not picking bottoms. A friend of mine (boomer, of course) called me up frantically, telling me that she bought a boat load of stocks expecting to hold for the long term. There is no written law that a market can't tank further than you think it will (especially this time around) and you could get stuck in a position for years if your timing is off. The extra bit of return you could get from picking bottoms is simply not worth the risk in the long term. I have no clue why people do it.