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LF, 1993 is nothing if you plan to invest for life.
Wait until you finally see a bear market, then
you will discover the problems with a follow the herd philosophy.
Hopefully, you will still have enough money left to develop an investment
philosophy that does not work in manic bubbles only. But I realize
from 30 years of experience that trendies have to blasted out of their
systems, you can't talk sense to them. So, after the crash, if you
can still afford an Internet connect, then we'll talk. -g- BTW, I do
not criticize every investment philosophy that does not agree with
mine. I can see some sense to value investing, growth investing,
asset allocation investing, and several other techniques I consider
limited but capable of producing good returns over time. I see no
value to momentum investing, unless the investor is just doing it for
a short time period and has the smarts to leave the herd before they
reach the slaughterhouse. MB |
