It was a wild year for the $SPX; I expected the see some substantial improvements in returns, but there were also a few whipsaws that could degrade overall performance (again, it’s the “cost” of avoiding really bad downtrends).
Skate to where the puck is going. New bull markets are forming in commodities, agriculture, and select emerging market exposure. – Steve B.
Don’t put your money at risk anywhere at any time without figuring out how much you’re going to invest. And how much money you’re going to invest is based on your maximum allowable loss, or how much you’re willing to lose.
I like to say that the definition of a bubble is when people are making money all out of proportion to their intelligence or work ethic. – Jared Dillan
Investing is not the study of finance. It’s the study of how people behave with money.