Hi Greg: Lofty valuations don't bother me. High PEs don't bother me. I've mentioned that before and it's because of my style of investing, which is shorter term options. Consequently, I may not necessarily wait for the bottom, if there were to be one, brought on by any supposed infra slow down. I would look more at current movement of individual positions I'm in. You may recall that I don't diversify. I'm only in 4 or 5 at a time. Risky, yes, but I can assume the risk. And my style works for me.
For LTBH, then yes, it would be good to wait for that bottom. That is, IF it is going to happen. I am not convinced yet that this supposed infra slow down is as bad as some of these folks would have us believe. So, yes, it might be prudent to get more guidance, or confirmation, for LTBH. Then again, for LTBH, buying quality stocks on any reasonable dip could still be wise regardless.
Good to see you, Greg. Hope you and your family had a great weekend.
Rick |
