RE:Why I "don't worry, be happy"I just stumbled upon something that is pretty mind-boggling. As I've said numerous times, my wife & I are buy & hold long term investors but I still like to make predications just for the fun of it.
Near the end of October, I got sucked in like many thinking that we were going to have a decent market correction with the combo of the US election adn the 2nd wave of Covid. I certainly wasn't alone in thinking that as most of the media and many posters were saying that it was a good time to take some money off the table.
Of course, we didn't because we never do and we never try and time the market.
Anyway, before shutting down for cocktail hour, I decided to see where we were at the end of October and we are we at the end of today. Well, in those 4 weeks, we are up an amazing $290.2k.
I think there might be a lesson there.
Saluta to buy & hold & never try to time the market
Sarge
SargeX wrote: As some of you know, I was down a tad back in March. At the time, I said that it was no big deal as my wfe & I are in this for the long haul. I felt very confident we'd be fine because we are reasonably diversified and don't have more than 4.6% of our book value in any one stock.
Well, as of the close yesterday, we are now up $51.7k YTD, (not to mention that we are up 28.4% since the start of 2019)
I still contend that if you buy good companies, buy & hold really works well over the longer term.
Ciao
Sarge