Question on war chest and market timing

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#4
I am also a freshie at this though i had started during 2008 financial crisis. An investment operation is like operating a biz. Always need to have a reserve to fall back on.

Peirsonally, i would stand by 30 percent. But my portfolio should also consist of some defensive stocks. I suppose no best answer and depends on individual preference.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.

When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.

The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
Reply


Messages In This Thread
RE: Question on war chest and market timing - by vesfreq - 14-03-2015, 08:04 PM
Question on war chest and market timing - by blah - 19-03-2015, 12:10 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)