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Re: Never go full retard 

By: hydro_gen in POPE 5 | Recommend this post (1)
Thu, 20 Feb 20 3:23 PM | 41 view(s)
Boardmark this board | Pope 5 		Msg. 52655 of 62138
(This msg. is a reply to 52653 by micro)
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Morning Micro,

I obtained my series 7 license when I was 20 years old and was blessed to later meet and become partners with a man 40 years my senior - a man who became a father figure and mentor for me. Mel was a Natic MA native, WWII vet (survived Normandy landing on D-Day) and a Haaaarvard grad. He and Jack (JFK) were best buds.

Anyhow, regarding your "plan" just remember that the exit door will be a crowded trade and most of the time folks wait to late to exit and get caught with everyone else, who have the same "plan" - again it will be a crowded and ugly trade scenario.

I am not offering any investment advice yet I will say this. Equities go up like stair steps and they go down like elevators. Plan accordingly.

PEACE!


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The above is a reply to the following message:
Re: Never go full retard
By: micro in POPE 5
Thu, 20 Feb 20 2:54 PM 		Msg. 52653 of 62138

Hydro, yes sir. That is always the case with every single market we have had in history. They go up, and then they come back to earth and correct.

Secrets to larger portfolios and even smaller ones if they are invested into stocks in the market is to have a strategey of what to do immediately when the correction starts and you do not want to lose the full valuations of your portfolios. HAve a plan in place and readily executable.

Mine is simple. Out of the Market and into the bonds. With some staying into metals of Gold and silver.

Hunker down and wait till this corrects and levels off and resume course. When stocks are tanking BOND Markets rise. It is how it works... Better to make a little in the bond markets than lose a lot in the stock markets.


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