A bright side to poorly timing the market

This was interesting: the hypothetical tale of Bob, "... the world's worst market timer."

His plan was to save $2,000 a year during the 1970s and bump that amount up by $2,000 each decade until he could retire at age 65 by the end of 2013 (so $4,000/year in the 80s, $6,000/year in the 90s then $8,000/year until he retired).

He started out by saving the $2,000 a year in his bank account until he had $6,000 to invest by the end of 1972.

 Bob’s problem as an investor was that he only had the courage to put his money to work in the market after a huge run up...

He never sold a single share...

So how did he do? 

Even though he only bought at the very top of the market, Bob still ended up a millionaire with $1.1 million.

 The fully story can be read here. The blog, "A Wealth of Common Sense," is run by Ben Carlson, and is a new one for me. Looks pretty neat. Nice job, Mr. Carlson.