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I was 100% out of stocks at beginning of March 2020. In May 2020 I was 100% back in stock index funds. It was NOT skill. It was pure luck.

80 posted on 06/12/2021 9:48:36 AM PDT by entropy12 (President Trump saved Millions of lives with his warp speed push of vaccines, including my spouse.)

1. I was almost entirely in cash when the dot-com bubble burst in 2000.

2. I made the shrewdest real estate investment of my life just before the 2008 fiasco.

3. Except in rare cases where I sold an asset at a loss for tax reasons, I have never lost money on an investment.

None of this was skill, and yet there wasn't much luck involved, either. The only two attributes I brought to the table as an investor were discipline and patience. Being methodical is far more important than being "smart" in investing.

85 posted on 06/12/2021 9:54:16 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")