23-04-2012, 11:46 PM
(23-04-2012, 11:32 PM)Temperament Wrote: You are very optimistic but you don't usually have to wait so long(ten years) for a Black Swan or Bear or may be we have hybrid animal Black Swan/Bear animal to appear. The problem is how long can we wait while our funds seem "rotting" away. i suppose no matter what some of our funds have to be in the market to earn some dividend income.
In fact after "fully" invested in 2008/2009, i found i had the highest dividend income of my life. i were tempted to just not to sell anything but the profit was just irresistible in 2010/11/12. Anyway why did i invest in 2008/2009 for?
The rest of the time, be as patient as you can. You should be rewarded for your patience. i try very hard to be patient.
But like you said, that's just me. Everyone is different anyway.
I think the phrase "being patience is a virtue" is best understood through investing.
One perfect example.. sometimes, on book, it may seem easy to identify with values such as "keeping cash and being disciplined to wait for the perfect pitch" but in reality, we jump on every "attractive opportunity", thinking as though we might have found the next gem, when there might always be better opportunities out there..