I've kept about 3MM in cash WAITING for "the pullback" to jump in and do some selective buying... Obviously that hasn't happened YET.... and may not. That's the stock market. It never does what you think or want it to do. We're actually just spectators along for the ride. Sometimes you're just sitting on your hands. So 3MM employees are currently on vacation.
I write this -- because a car dealer will tell you that the money is "made on the buy - not on the sale" side. Meaning that if he buys a car right --- that's probably where the best profit is. I'm sitting with the employees on vacation hoping that when they come back to work -- I will have a chance to make a little gain buying "right".
I DO NOT RECOMMEND this kind of practice for normal investors... and or EVER for 401's and IRA's etc. I'm basically a professional money manager (for my own funds) and have been doing this for some 30 years. I eat and sleep this on a daily basis. The reason for writing this post is to show just how wrong (so far) I've been. Remember too, that this is a very small portion of what I'm investing. It was cash that was parked in a couple cash cows but at least it WAS earning money even though it wasn't really "invested".
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