Buy now. But start by buying bonds (corporates, not treasuries bid to infinity) and other income producing asset types already smashed to heck, with only 10-20% in equities. Concentrate the equity holding in the most smashed sectors - finance, materials, retail. Then collect your coupons, and as each one comes in, by a tiny bit more stock.
You won't care a lick when it ends, with this strategy. You will get a better than average price on all the stock and will build back up to a 50-50 position over several years. That is the right time scale and risk level. In 5-10 years you will be doing well, when others around you will have been first smashed, then turned off investing entirely, and then sitting in cash yielding zero as recovery occurs.
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Personally I prefer a measured greed.
Nov 13 10:05 am
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All Comments by JasonC »Back at the Bottom [View article]
Buy now. But start by buying bonds (corporates, not treasuries bid to infinity) and other income producing asset types already smashed to heck, with only 10-20% in equities. Concentrate the equity holding in the most smashed sectors - finance, materials, retail. Then collect your coupons, and as each one comes in, by a tiny bit more stock.
You won't care a lick when it ends, with this strategy. You will get a better than average price on all the stock and will build back up to a 50-50 position over several years. That is the right time scale and risk level. In 5-10 years you will be doing well, when others around you will have been first smashed, then turned off investing entirely, and then sitting in cash yielding zero as recovery occurs.