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Strategies & Market Trends : The Art of Investing

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Nov 17 4:00 PM EST

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To: sense who wrote (1618)	3/29/2021 12:07:05 AM
From: Rarebird	4 Recommendations of 10601

It is all a mindset. I was a buy and hold investor for years from August 1982 till April 2000. During that time I put at least $500 a week in the S&P 500. I had a full time job where I was making a few thousand a week and did not fret about what the stock market did on a daily basis. In fact, I didn't even follow the stock market on a daily basis or even know that technical analysis even existed. I was told by Marty Zweig, George Soros and Jimmy Rodgers that the stock market was dirt cheap. That was enough for me. I was so busy raising my three sons and working 14 hours a day 7 days a week that I had no time to even track what SPX was doing on a daily and even a weekly basis. But I had full confidence that what I was doing would be immensely profitable down the road. I waited for my statements to check where things were at. Now, of course, I cannot do that since I am retired and cannot afford a big drawdown. The 1987 crash did not faze me in the least because I was earning good money and had a lot of money saved. The mindset is completely different for the finance professional and retail investor who has a very good paying job and is cash flow rich. I sold in April 2000 after a 20% decline in my portfolio. Still, it was well worth it and immensely profitable. Now I follow the market full time and am a swing trader. It is more stressful since I am retired, but still very worth my while. I recently had a person in my complex ask me how I can have so much money in the stock market and sleep at night. My answer to him was that it was a bull market and the Fed and fiscal policy was extremely bullish so I don't fret about the short term moves. Again, it is all a mindset. I am not here to judge. Being has many senses. Existence is revealed in many ways. What does that mean in this context? There are many different ways to profit in the stock market. It is all a mindset.

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