Agree with the euphoria while there are so many dark clouds out there.
What is your view and data show about a philosophy that one should still stay in the market and participate with caution, not get out and keep waiting in the sidelines?
In general I agree. Charlie Munger said You should never unnecessarily interrupt compounding. I have observed US valuations were high for 18 months but was fully invested all of that time so that is my default option. I feel however valuations now are very high and risks have increased with higher bond yields and the prospects of tariffs in the US. I do not want to be too greedy. It is to do with age too. The younger person can take more risk and stay invested. I will watch valuations closely and re-enter the market when I find good companies at cheap (er) levels . I am 28% cash so 72% is still in good companies. If market goes up progress will continue.
Agree with the euphoria while there are so many dark clouds out there.
What is your view and data show about a philosophy that one should still stay in the market and participate with caution, not get out and keep waiting in the sidelines?
In general I agree. Charlie Munger said You should never unnecessarily interrupt compounding. I have observed US valuations were high for 18 months but was fully invested all of that time so that is my default option. I feel however valuations now are very high and risks have increased with higher bond yields and the prospects of tariffs in the US. I do not want to be too greedy. It is to do with age too. The younger person can take more risk and stay invested. I will watch valuations closely and re-enter the market when I find good companies at cheap (er) levels . I am 28% cash so 72% is still in good companies. If market goes up progress will continue.