RE:RE:RE:RE:RE:Now for Something Really ScaryAlways interesting to hear about people's investing strategy. As some are aware, my wife & my are long term buy & hold retirees with all our dough (other than our cash wedge and some hobby trading money) invested in solid TSX dividend income/growth stocks. We don't believe in trying to time the market and will continue to follow this strategy no matter what.
youknowwhat wrote: .in terms of what I am doing..and this may not be for everyone....I am slightly overweight cash and if the market goes up over the next few months as I expect...I will increase my cash position and sit on it until the market crashes and then buy back in at sale prices...
So does anyone think we might see a "melt up" similar to the run of the Japanese market in the mid 1980's from 20 thousand to around 39000 then crash back to 20000 and really stayed flat until spring of 2020 and has risen to about 28000. Japan was flat for 30 some years..
I get the feeling we may see a 40000 dow and look out below, I will not be there for the top that I know for sure.