RE:RE:RE:Been holding since pre 2003 BRP spin off @ $23.65 a shareI will worry about markets losing 20% when oil gets over $100 but we are still awhile from that. Look to the post financial crises of 2008-09 when we last had rates head into the ditch and record quantitative easing. Markets then would periodically sell off only to get bought and rise again. I believe we are on track to repeat and even over shoot that period of growth.
Covid took us to the brink of repeating a depression not seen since the 1930s. Post covid will come close to a post WWII global growth scenario. Sitting in 60% cash will mean you miss out on a lot of that upside before the next correction.
ITSUP2ME wrote: Wow I thought I was the only one here with that much patience...I always told everyone that I'll wipe my a$$ with the shares before I sold...hopefully one day I'll have some REALLY EXPENSIVE !! toilet paper. Yes I go back to the Nortel, JDS, Sierra wireless...etc. era where you could swing trade and make or lose 1000's on a blink of an eye...kinda of like the meme stocks of today. This why Ive been selling off my profitable positions over the last couple weeks or so and currently at 65% cash in my play money account. The S&P, inflation, and oil prices higher than pre-pandemic levels tells me to sit back and watch tsunami arrive....Don't want to be that little Guy picking up seashells out in the bay...lol
Cheers...GLTA