Thank you for the kind words. Please, don’t ever make any financial decisions based on what I, or anyone else posts on a board like this. Do your own homework, and if you can find a smart, honest knowledgeable pro to work with, your chances are even better.
Frankly, I’m right a pretty fair amount. My “secret” is to view things honestly, not the way I want to see them, or in a way that puts my interests first. I think this is why folks after the fact, insist in hindsight “it was obvious”. The truth doesn’t hide, so much as we try to deny reality.
Dot coms, oil, tulips, real estate, whatever bubble, yes, they typically look quite absurd after the fact. My favorite was the beanie baby, and the golden oldie cabbage patch doll craze...
Plan out the investment before you buy it, that plan must clearly define how and why to buy, as well as how and why to sell. As I'm sure you know, the hardest part for most investors is to follow the sell end of the plan, many times they become emotionally attached or their pride doesn't allow them to admit they made a mistake and cut bait on it. Me personally, I invest mostly in stocks and ETFs along with occasional hedges with options. Every single stock I own has my plan for it in place, especially the GTC trailing stop loss sells I set right after I make the purchase. LOL I was just commenting that your outlook and opinion on economics and the market has always seemed very objective and unbiased to me. It has helped me look at the greater picture of our markets, history, and the economy in general. Just wanted to say thanks!