Posted on 09/19/2017 9:24:07 AM PDT by ProtectOurFreedom
The DOW is up 22% and 4,000 points since the election. No President has more all time closing highs in their first year in office than President Trump.
(Excerpt) Read more at thegatewaypundit.com ...
Where are all those con-servatives who declared Trump was a liberal just like Obama?
Still searching for the purist they need to fulfill their idealism.
I am just glad my pension fund is now a very globally diversified portfolio, and as the equities P/E has risen the balancing of it has put more into fixed instruments - very high quality corporate bonds, NOT in or related to financial companies. It is still primarily equities but the bond side has been growing. At least if the U.S. segment sees a major decline, we are hedged to avoid a total calamity - with more diversity and more bonds.
That’s similar to my positions: broad diversification in asset classes; diversification in vertical markets / industries; global vs domestic; emerging vs mature markets; equity vs fixed instruments. About 2/3 equities now.
I’m just waiting for the 2018 Lincoln Navigators to be released. Then I’ll trade my 2010 and get one.
Just re-read that headline. That seems a little too far to fast for any index.
Everything reverts to the mean. Or at least the median.
“Ive been an extremely poor market timer in earlier decades.”
Don’t be too hard on yourself. The vast majority of all market-timers are poorer because of it. And the problem with evaluating the performance of successful market-timers is that it’s difficult to distinguish between those who are skilled and those who are lucky.
“Now that Im in my mid-sixties, heavily in equities, ...”
If you are nearing retirement, you might want to begin rebalancing your portfolio by gradually reducing your equity exposure.
“From personal experience, my efforts to time the market like you are suggesting have been total disasters. I would have been much better off riding the market waves as all the analysis shows.”
It’s a very difficult lesson for many people to understand and implement.
You GOT it!
:)
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