FWIW if it makes you feel any better, it's now almost 2 years later and I'm still 67% in cash
Message 23822779
And of the 33% that isn't, 27% is allocated in bullion/paper gold and the other 6% is in gold shares
In essence, I accept the fact that I don't have a crystal ball and that I don't know for sure how this is all going to turn out, so I maintain a significant foot in both camps because my primary objective is survival as opposed to returns
Quite frankly, back in the summer of 2007 I didn't think I'd have the patience to wait this thing out, but here I am, predominantly still watching and waiting
It's a matter of what's appropriate for the backdrop you've been given. IMO in addressing any market there's (1) levering a good situation, and there's (2) taking risks, and then there's (3) outright gambling, and finally there's (4) playing Russian Roulette with a fully loaded gun -- if the market isn't cooperating with one's investment strategy, it's always a good idea to rein in one's frustration and stop short of ever graduating to Step #4
So enjoy your cash, even if the returns do suck
Having said that, at any given point in time there will always be the odd stock worth owning even when times are terrible -- they're just fewer and further in between, and therefore harder to find |
