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Originally Posted by RT Wolf  I'll step forward and say I don't agree with you there. I believe you're talking about market timing and I can't think of anyone who can do that well and/or for long. |
I also agree... After many years of investing (not very well, I admit) and tons of reading, I think it's important to pick one style of investing and become the very best at it.
I may be wrong, but I don't think Warren Buffet flip flops around between different styles based on what the market is doing. He has certain rules and he sticks to them, no matter what. That seems to have worked pretty well for him!
I'm getting the Rule #1 book and plan to paper trade the strategy for a short time. Then, I'll jump in with $3-5K from my SIMPLE IRA account that I feel comfortable playing with. Don't worry, I have plenty in my 401K and ROTH IRA, so I won't be risking my retirement funds.
I've read the Intelligent Investor, but it didn't seem to lay things out in a step-by-step approach. It is a very good book, but I need a structured system with solid rules to get me off my bum to do something. I know, it's an excuse, but that's me...and I've learned to live with me.
Gemini4X