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Hi Scott,
I agree with you, but at some point you need to make a risk reward analysis with longer term investment dollars that are not being watched, but instead allowed to run with the market. I made that decision shortly after the turn of 1999.....now that money will sit.
Fair enough... your point is well taken. Unfortunately, my gut feel is that the average investor does not do that... but you are reasonable to do so, imo. FWIW, most of my IRA has been in cash since February or around there... although, usually, my IRA is pretty active. As for everything else, I could care less.... it's tough to get too attached to a swing trade that is one week or less, BWDIK. Up, down, whatever, movement is all that's needed for me.
The market may go up 100% from here and I will be disappointed, but I will get my 5% money market and it will be safe.
I may be going out on a limb here <ggg> but I don't think you'll be disappointed.
At some point in the next few years the market will be attractive again for a long term investment and I can put it back to work.
Exactly! Hopefully, I will be sharp enough to realize that point too, although -like you said- it should be in a few years. Talk to you later
Regards,
Frank |
