techzone12

Is it Different This Time?

I remember in the year 2000, a Financial advisor was telling me to put most of the money in tech stocks. I did not listen to him, instead I put 30% only.
In mid 2001, when I saw the 7% decline in the market (which happend in few days), I pulled all my money out. I was out of the market for many years. I returned in the beginning of 2007. And I bailed out again in December of 2007. I don't calim to be able to time the market, I guess I just got lucky.

If you have money you don't need for looooong time, then it is maybe a good time to invest. For an average guy, like me, I know I can loose my shirt in this market. That's why I am out of the market for the time being. There is so much uncertainty, and I don't know who to believe. Speculators are every where, and they are out of control.

I have learned not listen to any body, but instead do my own risk management.