Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
An article by Wiliam Berstein in today's email from Humble Dollar:
https://humbledollar.com/2021/11/wh..._medium=email&utm_campaign=another-ses-test_7
No surprises here. Don't take foolish risks to preserve your capital. We are not yet in a market crash scenario and I hope we don't get there. Putting one's money at risk to get a bit more return may not be wise.
I want this much risk <---> for this much return <-------->. Not this much risk <--------> for this much return <-->.
https://humbledollar.com/2021/11/wh..._medium=email&utm_campaign=another-ses-test_7
No surprises here. Don't take foolish risks to preserve your capital. We are not yet in a market crash scenario and I hope we don't get there. Putting one's money at risk to get a bit more return may not be wise.
I want this much risk <---> for this much return <-------->. Not this much risk <--------> for this much return <-->.
“Where can I go for yield?” goes the cry heard throughout the land. Nowhere, of course. As put by money manager Raymond DeVoe Jr., “More money has been lost reaching for yield than at the point of a gun.”
Still, I have a more optimistic take. My contention: The safe assets in your portfolio have the potential to be its highest returning components.
During a market panic, writes Josephson, “There are many casualties, cruel transfers of individual fortunes. Yet he who possesses even a modicum of unimpaired capital is as one who watches the sand run down in an hourglass, while fully aware that he may, at the given moment, turn the glass over and begin the process anew.”
This point cannot be emphasized enough: If you have enough cash to pay your living expenses for many, many years, you’ll have no trouble holding onto your stocks for the long run and so reaping their rewards, and likely have some boodle left over to buy more during the inevitable fire-sales.
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