Timely article and generally great comments. I get a chuckle out of the SA poster that says evry day "this market just keeps going higher, no force on earth can stop it". Last time I checked, EVERY market over time goes up AND down.
Yes, we've had a great run. And it won't continue forever. I see signs of topping out and am over 95% in cash. I can more afford to pass up the last 5 or 10% of gains than I can afford to lose 5 or 10% of capital. I've locked in 20% gains for the year. Last year I was 50% up at mid year and ended up less than 1%. Live and learn.
After last year, my risk tolerance level changed greatly. I'm retired and can't afford to lose capital.
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Timely article and generally great comments. I get a chuckle out of the SA poster that says evry day "this market just keeps going higher, no force on earth can stop it". Last time I checked, EVERY market over time goes up AND down.
Sep 17 10:02 am
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All Comments by axelrod608 »But Cash Is Earning Zero [View article]
Yes, we've had a great run. And it won't continue forever. I see signs of topping out and am over 95% in cash. I can more afford to pass up the last 5 or 10% of gains than I can afford to lose 5 or 10% of capital. I've locked in 20% gains for the year. Last year I was 50% up at mid year and ended up less than 1%. Live and learn.
After last year, my risk tolerance level changed greatly. I'm retired and can't afford to lose capital.