RE:RE:What Quasimodo told you...Good advice as usual Sarge. Anyone who sat in cash the last 12 months, not only missed 35% gain they would of had, even with a very conservative portfolio, they also lost about 15% to inflation. Leaving your money in the coffee can for a couple of years when inflation is running rampant is a gaurantee you will have far less purchaing power. Takes a BIG market correction to lose 30%.
SargeX wrote: Just a comment to the part about "Exposure is weak" ie: having gone mainly to cash and being prepared for a market crash.
Bossu and others have been singing this tune about a market crash for at least a year. I have always said that market timing doesn't work and if you look at the doomsday-type people, you'll see they have a history of calling for about 10x the number of crashes/corrections that actually occur. ie: they are wrong almost all the time!!
I have a portfolio spreadsheet that I save a copy of at the end of each month. The spreadsheet contains a ton of good stuff including the date and amount of the last new record for portfolio value (it then gets saved as it was for each month). I went back and had a look at the last 12 monthly spreadsheets and noticed that we hit a least one new record in every month except two (July & Nov). The most recent high was just a couple days ago on Mar 4.
Anyway, the moral of the story is to build a solid portfolio of dividend income/growth stocks and only sell if something has changed with the particular company.
Ciao
Sarge