Read? Chasing the last $100K (last mile) and may fall hard!
"It's not whether you're right or
wrong that's important, but how much money you make when you're right
and how much you lose when you're wrong." ~ George Soros
This time, I will not
forget the teaching of George Soros.
I will not chase the last milestone of Financial Independence Target.
Five lost years and back to where it was at Oct 2007; but with the effect of five years of inflation; the purchasing power of the portfolio value is lesser.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros
WISE WORDS!!!
Posts
CW8888,
ReplyDeleteThis time round (2013??) would you sell all when major markets at dead cross to relaize your profit and protect your wealth?
And buy back again @ golden cross to start a fresh.
Someone call this Market Cycle Investing.
Wishing you all the best to reaching your $1M goal safely. Better late than never.
Cheer!
But, history tells us that once a Bull market started; it tends to last a long time.
ReplyDeleteHow to time the Bear market?
I suppose the investment clock, together with the death cross (50 vs 200), have been pretty accurate more than 85% of the time from its historical data over 100 years.
ReplyDelete