Originally Posted by
Petey Wheatstraw
Comparing the housing market of 2007 and what happened afterwards is certainly an apple and orange comparison to my points.
I will say this. In 2007/08 my total portfolio dropped in half from it's all time high. What did I do? Nothing.
Key point there. Now from that low I am precisely up 309% and at an all time high, investing in US equities.
Patience, investing for the long term in solid US companies and avoiding the day trader (gambling) route will serve you well. Depends on your age too, but I steer clear pretty much from the bond market. This can and will change, certainly. A bear is always lurking around the corner.
For me, Autumn of 2015, will be the time to reckon with that grizzly.
Until then, it will be pedal to the medal as I have previously described.
I am a good gambler, speculator and investor. I'm not asking you to trust me or follow me, just do what's good for you. I have spieled now. Best wishes.