...

Go Back   Lateral-g Forums > Lateral-G Open Discussions > Off Topic Forums
User Name
Password



 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old 03-15-2017, 08:01 PM
GregWeld's Avatar
GregWeld GregWeld is offline
Lateral-g Supporting Member
 
Join Date: Jul 2005
Location: Scottsdale, AriDzona
Posts: 20,741
Thanks: 504
Thanked 1,080 Times in 388 Posts
Default

Quote:
Originally Posted by CRCRFT78 View Post
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!
Reply With Quote
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 09:14 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright Lateral-g.net