Investing 102

[GregWeld]

Originally Posted by CRCRFT78

Its been pretty quiet lately, anyone have any updates?

It has been quiet -- I've been quiet..... and the MARKET has been absolutely ROARING..... just wow.

It's been such a WOW -- that it's making me nervous and I'm not the nervous type. I took my cash position back up to way over a million bucks today - from just a couple hundred thousand..... cleaned up some losses (sold 10,000 of the 35,000 shares I hold in ETP).... since the losses are far smaller, and with the stellar run the market has had - that's what allows you to do such things.

Now then --- we also know the rules of summer..... Sell in May and go away.... well ==== it's a proven fact that beginning about May people start to kind of forget about the market and prefer to go on vacation instead... and that usually creates a dip in the summer months. I wanted to be just ahead of any of that selling - given the recent run up of epic proportions (which means that maybe more people will be taking profits (selling) coming into the summer).... and Congress goes on summer vacation - so the Donald could run his mouth off a bit more than normal -- and the FED is hiking rates which will also cause some adjustments to folks portfolios. All good - because we actually NEED a big sell off. Markets don't go straight up.

NOW ----------- remember this! If you are talking about RETIREMENT accounts -- DON'T do anything.... let 'em ride..... and if you are happy with your current portfolio - DON'T do anything.... let 'em ride. I'm a fairly "active" money manager and have ginormous positions - so I have to adjust them regularly lest they get out of control.

How many of you market mavens have gotten so that you're not so itchy fingered anymore -- and actually have finally gotten a grip on buy and hold and collect the dividends???? Not nearly as scary as it used to be huh -- once you have some nice fat gains in your accounts. Now you'll see that when you have a 20 or 25 or 40% gain on your holdings -- you don't really care if the market goes down 10% --- but you will have had to have owned for a bit to get to this point. It's sweet once you do though!