sifu hardworkingcat, true....its only by changing the angle of your sail frequently we can reach the destination faster than the wind can bring us by not doing anything...
after all we are expecting return "above average"....aren't we?
All-weather porfolio exists, as a combination of bonds, stocks, commodities, and cash. A portfolio consisting only single category of investment (eg. stocks) cannot be all weather, because individual stocks are correlated.
During bear market all stocks tend to move down together, but adding another less correlated class of investment eg. bond or commodity, may reduce the swing of portfolio value, because bond may move higher during bad times as people seek refuge at government bonds or gold.
Icon sifu did u received my curry ikan talapia? Did 2 major round in Htpadu. Cut loss or value investing dogmatically is never the way. Experience with tuition fee and figuring is the way forward. The pain lies in waiting market to agree with you, hopefully fast.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
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Posted by probability > 2019-07-28 19:54 | Report Abuse
sifu hardworkingcat, true....its only by changing the angle of your sail frequently we can reach the destination faster than the wind can bring us by not doing anything...
after all we are expecting return "above average"....aren't we?