VaCollector
Full time employment: Posting here.
- Joined
- May 12, 2007
- Messages
- 549
Well…I for one….fell for it hook, line and sinker!
Well…I for one….fell for it hook, line and sinker!
What part of the above statement should we believe?Rule 1 of the Internet: never, ever, *ever* believe anything posted on April 1. I've been dealing with this since my old days on Usenet in the late 1980s.
What part of the above statement should we believe?
Though I've continued to promote the Bogle/Bernstein investment philosophy as long as I've been a member here, including refraining from market timing, I fell off the wagon some time ago. Wow, he's getting closer to my way of thinking. Last year I sold off a large portion of our equity funds and resumed trading individual stocks (as when I was younger). A bit over the top though in doing individual stocks. Fortunately my timing was good and we increased our net worth considerably last year. I am jealous even though we did well last year. I'll bet he is going to tell us his portfolio was up 30%, ugh. However, with the market near all time highs, we sold almost everything in Jan, and now hold less than 10% equity. And with bonds certain to take a nose dive, we sold them all as well. So we're mostly in cash and cash equivalents, keeping our powder dry waiting for the best time to get back in. Oh boy, either he misses gains or I'm completely wrong.
And while I've defended retirement AND work both as valid options, I went back to work with my former Megacorp in Jan as well. Well Midpack sure is changing his game. He'll probably earn a ton of money. I'm starting to feel threatened, but I'm not going to say anything. Live and let live. So my retirement lasted about 2-1/2 years, but I got bored and went back to work. It'll be nice to have two incomes again, and I am enjoying the challenges of work once again.
I apologize for misrepresenting myself here for the past year or so...I feel better having finally come clean. I don't think it was misrepresentation. Everyone is allowed to change. I'll miss him.
+1!Nice try. April Fools.
... we sold almost everything in Jan, and now hold less than 10% equity. And with bonds certain to take a nose dive, we sold them all as well. So we're mostly in cash and cash equivalents, keeping our powder dry waiting for the best time to get back in.
Wow, that was pretty radical. I'm really curious about what equities you held onto: so what does your "less then 10% equity" include?
IP still solidly on place (AA below, and it was intact in post #1) and still retired. Apologies to those who don't find April 1st ruses humorous.
Your turn next time. I thought there would be quite a few like it with all the characters we have here.That's a relief.
Can we do this again next April 1? I'll try to be ready for it next time.
Your turn next time. I thought there would be quite a few like it with all the characters we have here.