RE:RE:RE:DeismanDoodlebug wrote: Mr D, no gloating intended as it is clear your all in,all out strategy works for you , but l seriously doubt for 99% of investors out there. I have watched a few videos and read about your way of investing, my take was not that you are wrong in any way , just that it takes , l would think a certain amount of nerves of steel to bet the farm on a single roll of the dice. Despite inflation concerns etc l am still looking forward to hopefully a Santa Claus rally and the historic effect of a Dem President and Senate and GOP House. The graphs suggest a 22% upside this coming year, and that coupled with Dividends would be substantial. No way do l want to bet everything on timing the market. Of course you can hold if it's not right and sell if a profit is there , but l question the long term of 1 holding and an in and out strategy..Enjoy the Holidays.
As soon as I hear the terms "long term" "over time" ''you have to diversify" from a talking head on any of the investing media outlets, I cringe.
To me, that is a LAZY/UNSCRUPULOUS broker making excuses for failing to grasp the markets ebb and flow.
One thing I will admit, my method of investment is very conservative and I often miss the big money blasts. Example, just this week alone, I left 35 cents per unit on the table. Over $10k
I'm not crying over it because profit is always elusive, depending on who or what is manipulating markets.
I said it before, and I'll say it again, right now markets are extremely volatile, but in a manner that isn't normal when comparing its history over the past 15 years. It's the same, but different.
Emotional investing seems to be the ''method of choice'' right now.
Some people are crunching numbers to the point of biblical expectations and that's OK, until it isn't. All it takes is for a nation to go rogue and it all collapses in a hurry, or for an individual, whoes been put on a shaky pedestal to start a trend, which turns out to be a false economy breaking scam.
Now, the reason I play certain FUNDS, such as EIT.UN, BK.UN, FTN.UN and a few others is simply because there is no better way to play a wide range of the entire market, easily and with some modicom of safety.
Banks, if you own a basket of them, which the above mentioned investment vehicles do, are invested in everything, one way or another, so they're my preferred investment at this point in my life.
I've been retired for 13 years, I'm 71, average well over $100K/year, own my own home and lots of toys, without any debt at all. Most of my accounts are tax sheltered.
I don't always do well, but I do well enough on a regular basis to retire in a relatively stress free manner.
Many people today lament the price of groceries, rent, mortgages, fuel, utilities and the list goes on. At this stage of my life, none of those things are a concern and that's a blessing in itself.
All I can say to people is to find what sort of investment strategy works for them and make darn sure they've done a lot of due diligence on the method, before proceeding.
Some folks just aren't cut out for any sort of investing, stick their fingers in their ears and La La La whenever the subject comes up.
They go to ther local bank, speak to a manipulated, uninformed ''financial expert'', lock their money into a GIC, which the bank takes half the profits or more as handling fees and are quite happy.
I never go into any investment without placing a buy limit and a strict stop loss or sell limit.
This strategy is a lot less risky, IMHO, than falling in love with an investment vehicle and holding until it's gone.
I know several folks that bought FTN at much higher levels and they've held on, simply because they sorely need the distributions to live, even though they've twice as much as they've collected.
I believe, we're right in the middle of this economic debacle and there are very few investment vehicles, even banks, that I trust enough to buy and hold.
GLTA the good folks here.