The "market" has me thinking today -- and I thought about this thread vs the market and what people have done since say -- December. I want to reiterate that the way this market is going -- everyone is feeling pretty good... we're doing two steps forward and only one step back -- so the "gains" have been hot to say the least.
What I want people to remember is that this isn't "normal". We have outsized gains since the first of the year... and while I love this type of market -- don't get yourselves into a complacent position like we did our housing market - where it just went up and up and everyone was "loving life" and feeling invincible.
When - not if - the market turns against us for some period of time - those dividends keep on paying out... and it's those dividends that will hold you over until a down market turns up again. I'm not predicting a move - I don't think like that - I don't play the "I better take my gains and run" game... that's a losing game - that's "market timing" and trust me - you'll lose that game. What you want to really do - if possible - is to scale into your positions - build some more powder up (cash) and be on the sidelines ready to pick away at your favorite positions. Also remember that when the share price goes down -- your dividend payment will buy MORE shares... and then when the market comes back -- you have a larger gain % wise.
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