It applies to me but may not to you.
Keeping my fingers crossed
and continuing my frugal life style, I should have enough money to live with.
Making another zero in my total asset will not do me any good. Hence I'm ultra
conservative as most retirees should. Investing is not a sport that you have to
win. Jesse Livermore, arguably our greatest trader, committed suicide and was
almost bankrupted with all the glories of being the 'greatest'. We do not want
to follow his footsteps.
As of 6/2017, the market is very risky. I’m piling cash. When the market
crashes, I'll use some funds to buy contra ETFs. Otherwise, my money is
collecting dust with almost zero interest and inflation is eating the value of
my cash. Today I bought some CDs and some high-yield and short-term bond funds.
They do not pay much but better than nothing.
The market could be our best friend or worst enemy. Personally I prefer it
crashes every 4 or so years to provide buying opportunity. The crash has been
long overdue.
Good luck to all. If you find my posts useful, please send money (bitcoins only) to my secret retirement account. :)
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