GFC 2008/2009 - The Great Opportunity; but Uncle8888 has nothing to show in his portfolio that is dated at 2009.
Why This Value Investor Is Thrilled By Higher Rates
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Wall Street scion Christopher Davis hung tough for 14 years as risk-free
borrowing pinched value stocks. Now that money costs money again, he’s
taking adva...
56 minutes ago
Ya lorr, sama sama .... no powder left to buy when blood in the streets during end-2008/2009. At that time just followed textbook asset allocation, but no tactical allocation & no trend following & no cut loss. End up with big drawdown of assets. But luckily stayed with conviction & remained invested (not much choice lah!) & collect dividends (reduced!).
ReplyDeleteThanks to Bernanke, Geithner, Obama, Paulson, and the folks at PBOC, BOE, BOJ who pumped trillions of dollars into the markets. Now my assets recovered to 150% of 2007 amount, but in real terms probably just 10%-15% increase.