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Originally Posted by ADL Colin
Yeah last week I took everything that I won't need for the next few years and put it in the market. Up 24% on those shares so far.
These are the cheapest valuations I've ever seen
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I saw you mention that in your thread last week. Its a good year to be a contrarian value investor.
Heres a few well worn but time tested investing maxims from the late great Sir John Templeton that fit nicely with your approach.
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To buy when others are despondently selling and to sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.
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Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell,
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Originally Posted by ADL Colin
I have no idea. I only think in 10 year time frames. I don't know anyone who can predict tomorrow or this week with any accuracy.
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I said in a thread last week that timing the market is a mugs game. You obviously would like to buy stocks at their lowest price but who knows what that is in a market like this. Instead find solid companies with ridiculous valuations/multiples and pick them up. Well they might go down a bit more they will certainly rise faster and further when the market turns for good.