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Well, I can't remember the last time I was included as an "experienced hand." LOL But if losing one's butt counts, I am well experienced, having first lost a bundle in the 70's metals mania and most recently with some questionable investments three or four years ago. Incredibly (luckily), I've been able to bounce back every time, but what I have taken from that is "if in doubt, stay out." A LTB&H philosophy supports either strategy. If one is willing to ride the volatility and play the long term trend, then just go enjoy life (as long as you don't need near term investment cash). At the same time, a long investment horizon can afford to sit out for a few quarters, which is different than trying to time specific up and down moves. I am basically sitting out, but it's fun to try the timing thing with small amounts of money (which have gotten smaller). |
