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  • Will We Know When We've Made a Low? [View article]
    The real lesson is that buy and hold is not a strategy that is going to work. You buy in increments, and sell when you achieve reasonable gains -- to hang on past that increases your chances of losing, as seen by the fact we are now flat over the past 10 years. If the S&P averages a 10-12% return, and I'm up that much, I'm gonna start scaling out -- again, not all at once...but that is the clue that it's time.

    As for calling a bottom and when to buy, again, buy incrementally. To be in cash right now would have been good...but at these valuations, *some* increment should be going into the market right now! Save some for the next decline. If we start having lower lows and higher highs...then you can feel better about putting more increments on. But you never go all in. Leave 20% even if you think it's all up from here.
    Oct 17 13:35 pm |Rating: 0 0
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