You are trying to turn me into a market timer when I dont think thats the case,
I am NOT getting all the way out of stocks. Never have, probably never will.
At the same time, if a stock increases 250% in short order and one takes profits and cannot find anything else to buy, what is one to do ? According to you, BUY SOMETHING and quick.
You further talk about "whims" and "guesses".
To me, taking into account things that have WORKED for many,many years is not whimsical guesswork.
After the crash of 87, I saw insider buy indicators go to all time highs, I found multiple individual stocks that screamed "buy" and I did.
Now is pretty much the opposite of that and I am not allowed to be cautious ?
That just seems silly. Self-limiting and stubburn.
I like having cash available to buy stocks when they are deeply discounted.
If I am always 100% invested, I wont even have that cash without selling something that is probably depressed at the time.
One of the first books I read was Norm Fosbacks Stock Market Logic. It goes over LOTS of things that have worked.
Why cant an experienced investor use more than one thing ?
Again, I am not talking about wholesale going from 100 to 0% invested in 20%. I mean fron 65% to 55% in a few weeks or something.
One thing I have learned over the years is you have to sell when the ducks are quackin. Well, if you want a good price that is.
Staying 100% invested at all times is akin to betting the same thing at a blackjack game no matter what the cards are showing.
Hitting an 18 is silly, Sure, you can win sometimes, but its still silly. |
