I'd like to thank Malcolm, limtex, Dr. Id, and others for their perspectives. My intention wasn't to introduce political opinion, but was strictly to ask and have answered the question of what to do, investing-wise, during a major political shock/confrontation. I hesitated about posting on the Middle East for quite awhile, because, as is evident to everybody, it is an unbelievably value-laden, confused, hot potato issue, mixing religion with cultures, with land rights, with.......the scrolls of the dead sea??? I risked mentioning it here on this thread, because it has been a role-model for civil discourse, and because the maturity factor here tends to be high. It's evident that should the Middle East conflict dominate center stage thru confrontation, we all will definitely be affected, and we all will be challenged to discuss the issue in a straightforward but tactful way.
With that said, I'd especially like to thank Malcolm since he directly responded to my investment question. If there are others out there, perhaps older than me and certainly with longer investing experience than me, who have been investing for decades and can share their experience with what they have learned during worldwide disasters, that would be helpful to me. For example, it's my recollection that during the 4-5 months after Iraq invaded Kuwait, the market was in the dumps......but after the launching of Desert Storm, the market took off. Those who were actively investing then might want to share any insights or corrections to that if they wish.
So I would neither rush in and buy nor dump the good stocks.
Malcolm, it sounds like you think accumulating cash right now is the right strategy. If true, for how long would you do this? What would be indications to start buying again, as it relates to political maelstroms?
Apollo |
