It has been a while since I last wrote. And the market has proved everyone wrong. And, boy, how wrong were we!!! The bottoms just fell out. A lot of people are nursing their injuries of the market collapse. People have lost 70%-90% of their portfolios. My wife, who is a dedicated Bank FD investor has a know-it-all smile on her face, while I, a dedicated market buff can only put on a smile of pain.
However, being an optimist, I think that this fall has probably given us (long term investors) a great opportunity to structure our portfolios. So, weed out all the bull-market excesses and start afresh with a plan.
I will write follow-up posts on how and what to plan for to restructure your portfolio.
However, being an optimist, I think that this fall has probably given us (long term investors) a great opportunity to structure our portfolios. So, weed out all the bull-market excesses and start afresh with a plan.
I will write follow-up posts on how and what to plan for to restructure your portfolio.
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