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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (43896)	8/12/2011 10:15:02 AM
From: Spekulatius	1 Recommendation Read Replies (1) of 78481

>>Personally, I don't give a crap about ideological arguments. My best example is last spring. I was forced to sell most of my portfolio due to account transfer. I was lucky to have sold just before summer swoon. I'd rather be lucky like this again than hold an ideological position that 20-50% cash is "market timing", not "value investing" or some other odious personal habit that should be shunned by gentile true investor's club. ;) If I had to summarize my approach, I sell when things are overvalued and hold some cash until they become undervalued. I try to "upgrade" my portfolio by switching to "better" securities on drops. I try to leave some powder dry. But I break a lot of these rules on various occasions. So sue me.<< Right along my lines. Now we agree as well. Something must be completely wrong <g>. As for the 1974 to 2002 period, a market time like Mr. Womack would have outperformed a buy and hold investor (even if the latter was in the right stocks) by far. That's what I have become - a market time - to some extend.They can sue me too...

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