Feel free to use me as a example, I take no offense and feel it creates great discussion. A couple weeks ago I started posting my opinions in your thread and YOU got offended and guickly went on the defensive side. I offered to quit posting out of RESPECT to you because my intentions are not to derail beliefs but simply offer a different view. Although we have different styles we ultimately have the same goals. CAPITAL APPRECIATION. I could care less about holding treasuries or bonds for that matter. We BOTH must realize that they are a important way of observing the many overall metrics of the markets. When rates rise the E.F. HUTTONS speak and people listen as this past weak has clearly shown. We are in uncharterd territory like never before, and the little minnows such as you and I can easily be made into a meal by the big fish that have more information than we will ever have. WARREN BUFFETT always has cash on hand to reposition his holdings and infact used part of that cash to bail out some very big names of the 2008 crash, being the intelligent investor he is he charged a very high premium for his services. In my opinion only a fool would ever fully invest at any given time. As the sectors rotate they become trapped and have to cut non performing positions or draw dividends in the hope that they don't get cut or eliminated. The solid companies that have stood the test of time can be bought on the dips " so to speak" to better position portfolios with a much better chance of recovery with a lower average. In the week ahead my opinion is we will see choppy waters. The green days we will see the fully invested jump up and down like cheerleaders. The red days they will whine like little girls. I have cash on hand that can work both sides. I hold 3 positions LONG TERM. "in the markets" TSLA deep red BITCION deep green PLTR newly acquired. I am not trapped and have plenty of flexibility to work with. A interesting article of INTEREST "pun intended"
Yes...opinions do differ.....and I respect that. In fact we differ on whether or not...."I"...got offended.....or....did "YOU"....get offend and defensive and therefore threaten to leave the thread. In fact I view my post at that time as simply argument for the position I was taking and.....that is ALL. Yes....I do believe bond rates and yields are important.....to the general economy....but...what I believe is BALONEY...is the MEDIA pushing the story NOW.....at the moment......that we are headed for much higher bond yields that will impact investors and/or reflect inflation. Personally i dont buy this in the slightest. AND....no......I do NOT ever predicate my investing......in the slightest.....on bond yields. I simply DO NOT care about bonds or their yields....except perhaps in a RARE era like the late 1970's and early 1980's.....especially now that they are at extreme historic lows. YOU asked me.......what about bond yields? THAT is why I reference you in the post I did on bonds......it was NOT an attack on you in any way or a negative comment toward you. SORRY......for the continued internet drama.
I dont get offended and don't feel drama is being created. We are not having a whizzing contest. I value ALL of your post and appreciate you taking the time of help educate ALL of us.
Maybe I should have listened to the song, thought it was this one! Still a good song though. A much better day Friday for my investments, reversed a week long slump.
Rustic1, sometimes it is your intemperate remarks that seem the most argumentative. You called below anyone who is fully invested a fool. I would argue that someone in my circumstance who isn't fully invested foolish. Uninvested money that makes me nothing isn't worth much. Money smartly invested is what I have and want. Maybe you turn out to be right but maybe you don't.
As far as being fully invested being wise or not, I am and plan to be. So how did I get into PLTR? I sold off some TLSA shares that were pure profit from the recent run up. I also reduced a couple that I wanted to de-emphasize. I would not have been able to do that if I was upside down on my initial investments, for sure, but I do not plan to do this often. The PLTR entry was too tempting to pass up. Money in the market works harder than money sitting on its ass I learned that last year
Oh, and I think a healthy dose of emojis might go a long way toward keeping people from misunderstanding each other's intentions or nuances. Plain text is rather bland.
I make observations and post opinions based on what I observe. On the green days they jump like cheerleaders, on the red ones they whine like little girls. It is what it is my friend. My TSLA position is down many manyTHOUSANDS of dollars but I have the option of selling a call and buying puts for extra income to protect my position. If ALL of my funds were invested I would be trapped and forced to exit or wait for the rebound. We have different styles, dont be offended that you have chosen to be trapped.
I also took a sizeable position in PLTR watched it patiently for awhile and knew about the unlocking of shares "simply good D.D" got greedy on Thursday and missed the bottom, later found out Cathie Wood was loading the yacht and got in Friday. That is a LONG TERM hold. I still have cash to work with and will never change that method.
Perhaps the size of one's overall investments and overall capital might factor into the desire to keep cash on hand versus keeping it all in. Maybe those with more to work with are more inclined to keep some dry powder? Just a thought I just had. Not sure. Whether or not that thought is real or not, I consider profits on stocks just the same as cash on hand should I want to make a move. Sure I will pay capital gains on it, but capital gains on profit is better than no profit at all I am sure if someone wanted to do a deep dive analysis on the merits of my (albeit novice) preferences vs your preferences using a proper scientific experiment some sort of concrete data could be gleamed, but at this stage for me... meh Speculation is part of the fun.
Rustic, down weeks are par for the course. Capital preservation is important but not the most important principal. Growth is much more important to me. Having different goals and risk tolerance doesn't make someone a fool. As long as one goes into an adventure knowing the risks and having a realistic understanding of the gains they are not fools
I am not offended rustic that I've chosen to be trapped as you put it. I am bummed that you think I'm trapped. Since I have no emotional attachment to any position I am not trapped in the least.
I only chime in on days that I feel I have something interesting to add, which is why I rarely chime in. I do appreciate the optimism that this board brings as it is easy to let pessimism and fear force you into a bad decision. Not to say we should have unhealthy or unrealistic optimism either. We should try to stay level headed. In the spirit of sharing my red week, I was down about 0.65% this week. Who cares? 90% of my holdings are in my 401k and I’ll just be over here dollar cost averaging for the next 30 years. I do believe in opportunism and think that having a little bit of money set aside in cash is a prudent move. Less for timing the market but just for opportunity that may arise (buying a piece of land or something).
btw, didnt W say he has some cash set aside as well? So... I dont understand where the confusion is... EVERYONE here agrees that we have to have some liquidity set aside. The ONLY difference is the reasoning behind it?
I had cash on Friday but I used it to buy arkk. I'll be selling stz this week most likely so I'll have some more again.
Of course I'm happy with green weeks but I hardly see my posting which you quoted as acting like a crying girl. And again I ain't trapped. I've chosen my methods, I'll stick with them until I have good reason not to and,I certainly am not turning to you or anyone else for approval. Advice maybe. Approval never. This is hopefully my last reply to this bully.
