Thanks but I’m not as well versed as you suggest. I actually am a long term investor and this is the first time I bailed out. It was just a hunch, one Ive had before but never as strong.
I’m content to be in cash for the time being because the income from it and my SS along with my having zero debt allow me to live well on little income. Plus I have been a scrupulous saver since I was about 30 and through my buy a hold strategy and a lot of luck have amassed a nice nest egg. I might add I am a Mutual Funds buyer rather then individual stocks. I would as soon pay the small mgmt fee and let the experts decide what to buy and when to sell. I have enjoyed remarkable (to me) success with balanced funds such as Wellington Vanguard, Fidelity balanced and Dodge and Cox Balanced (until last year). One of them, the Wellington fund is really stable and greatly limits downside potential at least till now. Before yesterday it was down just about 2.8%.
“Thanks but I’m not as well versed as you suggest. I actually am a long term investor and this is the first time I bailed out. It was just a hunch, one Ive had before but never as strong.”
Beautifully done! I don’t care whether you get it from a newsletter, a litle bird, tea leaves, or a feeling in your stomach! Congrats again!