Hello ACF Mike, <<my approach is valid ... slightly longer term ... still think we go much higher next year. But from a lower starting point>>
You may be right, or we have hit the once in a hundred year storm, and the market goes down again.
Check this article out ...
Message 17797317
[A stockbroker in Hong Kong takes his losses with a grain of salt. "It is strange the way Americans see stocks as a source of guaranteed fixed income," he said. "To most Asians, the stock market is for gambling, like horse racing."]
<<I am down ~16% this year>>
Ouch, mama, hurt me! And if I were to guess, it would take a few year's of active savings to make up that passive loss. This is why I do not take losses lightly, running for the hills at first inkling of discomfort.
At some point you must consider gold, and its derivatives, first and second order, or have you considered them already? They are now relatively cheaper than before, inexplicably.
Chugs, Jay |
