Mr._johngalt
Thinks s/he gets paid by the post
- Joined
- Dec 3, 2002
- Messages
- 4,801
youbet said:Have you looked at the opportunity cost of having a large cash position during a bull market? IE., you collect 5% - 6% on a large chunk of your portfolio while the equity market returns 7% - 8% over that same time period?
I know nothing about this book (other than what is posted here).
I am in a position where I get 5 -7% on a portfolio (if you can call
it that) which contains no equities. I am fully prepared to see the
equity markets return in double digits and to miss out. I also miss
out on any plunges, and just keep cashing those boring dividend
and interest checks. Not too unusual at my age I guess, but I took
this position right out of the (ER) gate and stuck with it.
JG