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

To: RetiredNow who wrote (1037465)	11/8/2017 10:17:35 AM
From: Rarebird	Read Replies (2) \| Respond to of 1573927

You got things a little mixed up mindmeld. Actually, you don't know what you are talking about. You sound like a babbling fool trying to justify or rationalize your bearishness. Or, as Socrates would say, you think you know when you know too much inconsequential nonsense or know chit. I just know one thing: it's a bull market and in bull markets you are supposed to buy and hold until the market turns. You seem to think you are smarter than the market because you and your friends are rich and the big high flautin Economist says the market is overvalued and says it's "a bull market in everything". Overthinking or outguessing the market represents arrogance and superiority and is a recipe for underperformance, which is what your 20% allocation to stocks represents. I find the market to be boring. I'm 85% invested in ETFs and mutual funds and am well diversified among asset classes with a strong allocation toward International via VWIGX, FISMX and OAKGX and IXN. I'm also big on FANG (Microsoft rather than Netflix). I am 10% invested in a Bond fund which has better returns than stocks over the past 10 years: PIMIX. And I'm 5% in cash as a safety net to pay for my monthly expenses. Just remember, it's a bull market with massive profits ahead till proven otherwise. I see no reason to change course or my attitude. I have no idea how much longer the bull will last. But I'm on the bull train till it gets derailed intermediate term and then I'm out. My sense is that this market has much further to run. As for my age, all you gotta to do is click on my profile. I've been around the block and have learned a few things during my tenure in life.