Re: Mayday allocation talk
I have no stops to save my tiny can. The last time the market tanked in the May time frame I dropped $120,000, and in April-May of 2005 I dropped $138,000, these levels are tolerable - and I usually manage to do considerable buying when ever this happens - it's all in the business of holding considerable assets. Those dividends soften the blows and at to reinvestment at lower prices, so every correction has its' small blessing. As a buy and holder who enjoys pain on occasion it is far easier to make money in a secular than a cyclical bull market. Buy and hold works if stocks are going to rise steadily for several years. And with the Dow possibly going to 17,000 who knows how large the oceanic will grow. I can only speculate and I'' keep that to myself - no sense creating more animosity than I already have. I remember one time when I made $300,000 in ten months with a much smaller balance. December will most likely be very good to me.