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Pastimes : Home on the range where the buffalo roam

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To: DlphcOracl who wrote (6723)8/6/2002 2:09:07 PM
From: DlphcOracl   of 13572
 
kanuti: I got killed in 2000 but figured out what was happening by 2001 so that I was on the sidelines for most of 2001 as well. I lost about 15% trying to trade in and out of the market in 2001 and realized that I was not going to be successful at it.

In brief, I have probably been out of equities for 90% of the time since January 2001. In retrospect, I should have been in bond funds rather than money market funds, but held out thinking that the MOABO would present itself. Eventually, it will, but "there ain't no thing as a free lunch". Trying to make that one big score and hit a home run in this environment is suicidal. Now that I have sufficient in HSGFX to use it for a LT equity position, I am content to just hit singles.
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