You made a comment in your earlier post re "market timing," BeachBumz. . It may be that you are not aware of this history. But I can hardly blame Mikey for reacting when he sees a claim that has been used for purposes of deception many times in the past surfacing once again.
*****, I am aware of the history between you and Intercst, I think most are. I'm not at all sure that Mikey reacted the way he did because of this history. He simply asked was my post just 'arguing' with you or rejection of the whole thesis. I think I answered that in my previous post.
The suggestion that you put forward, that my views on the use of cash as a strategic asset are somehow the result of some sort of thought that short-term timing may be an effective approach to investing, is a false one that has caused us great trouble in the past, BeachBumz.
*****, below is my entire post, could you please show me where I said anything about short-term market timing.
"That sounds suspiciously like market timing. Ever since my crystal ball got a crack in it, I have had trouble determining the best entry point(s); except in hindsight
Reminds me of years ago, when I just knew the market was too high (the DOW had just pasted 3000), so I put my IRA money in a money market account. I finally put it in the market at DOW 5000. "
No where did I 'SUGGEST' anything about short-term timing. I don't play word-games *****, so if you have a question about my post then feel free to ask me like Mikey did, but don't read anything in to them that isn't there! FTR, it is very obvious to me that your market timing is of a Long-term nature.
It is my sense that you simply were not aware of the history of these discussions as I do not recall you participating much in the past.
The fact that someone like you would end up making the mistake you made reveals to all community members why we need to rein in intercst-type posting practices when we see them appear on our boards.
*****, I made NO mistake in my post and I REALLY don't appreciate you saying so. You stated YOUR opinion and I stated MY opinion. I believe we both have that right. As I stated previously, MY, that's MY experience has not been very good timing the market. I would prefer letting those more knowledgeable do that.
we would not have someone like you now unwittingly putting foward the timing argument as a point against the validity of my views, BeachBumz.
Once again, there was nothing in my post that was done 'unwittingly', you are really reaching here in my opinion. I simply don't believe in market timing, I've tried it and it didn't work for me. If you want to do it, that's fine by me, I hope it works out for you.
The result of our long-running tolerance for nonsese is that fine posters like BeachBumz are not able to make sense of the discussions.
Where did that come from *****? Do you think I'm an idiot? I graduated from the sixth grade highest in my class (I was 5' 11'
). Seriously *****, get a grip! I am quite able to make sense of the discussions, just like almost everyone else on these boards.
I have never said a word in favor of short-term timing, and no one in our community should ever have been led to believe that I had.
I, for one, was never led to believe that, nor have I ever made any mention thereof.
Beachbumz :