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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.")

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

Ditto here. I am too much of a chicken to stay in when valuations are crazy high. Right at this moment I am now 95% out of stocks. I just can not sleep well with current valuations.

88 posted on 06/12/2021 9:58:16 AM PDT by entropy12 (President Trump saved Millions of lives with his warp speed push of vaccines, including my spouse.)

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

I made mine after 2008 (2010). I try to practice the attributes you espouse. Patience requires that I have cash available, and discipline requires I keep in mind that I'm too old to risk jumping into things that look too good to be true. I'm selling off real estate now, and only keeping precious metal funds. The rest will be in cash until I can find something my kids can use when I'm gone--maybe rentals in carefully selected areas. That worked for me post 2008.

109 posted on 06/12/2021 11:33:21 AM PDT by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground - Mencken)