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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (1037256)	11/7/2017 9:54:04 AM
From: Zeddie88	Respond to of 1573921

OUI!

To: Rarebird who wrote (1037256)	11/8/2017 9:11:38 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1573921

Are you a young person? Your attitude of invulnerability marks you as either young in fact or naive in spirit. Older people know that the good times never last. I've been quite open about my positions. I started raising cash by selling off my stocks earlier this year. By the end of summer, I had raised my cash position to about 35%, reducing my stock allocation to around 20% (split foreign and domestic), and increasing bonds to 45% (with avg duration of around 3-4 yrs, with about half in TIPS). I haven't missed anything. I've had a very good year of growth. I just checked this morning and am up 8.9%. For a retired guy, that is a fantastic return. At my age, if I was 100% stocks like many younger people, then I would be very reckless indeed. So am I dumb money? The overwhelming evidence, including the fact that I retired young, points to the fact that not only have I been able to save more than most, but I've managed my money very well, given that I've managed to navigate two very nasty downturns in the last 15 years. There are a lot of investment sayings out there, but two that you learn mostly by experience and the school of hard knocks includes the following two things: 1) it's easier to become wealthy than to keep your wealth, 2) and the key to staying wealthy is not making outsized returns in the good years, but minimizing your losses in the bad years. Your steadfast belief in charts will bite you one day. Flexibility and diversity of investment tools is important. That diversity lets you absorb far more signals, which act as a check and balance against what the charts are telling you, so that you don't just blindly believe the charts. Anyway, I know some chart evangelists, and so, I know I won't convince you to change your mind. Only a big knock to your portfolio will do that. I do wish you the absolute best of luck and hope that you never experience a shock to your portfolio. It's not fun, believe me.