Well that is fun way to wake up!!
“There is a tide in the affairs of men, which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves or lose our venture.” -Shakespeare
User Comment: Wow! Good morning indeed! Question for the group. I have some money to add to the portfolio – around $10k. Is now a bad time to buy since things are so high? The money is currently sitting in a money market account.
User Comment: If Shakespeare were alive today would he be writing elegant docs for Palantir?
Victor: I wrote a much more elegant post in this regard a while back ago, but will summarize my opinion briefly.
I cannot time the market. No matter how hard I try I fail at least 50% of the time. When I try to time the market I have to time both my exit and my entrance, so I have to time it correctly twice. I learned long ago to just stop trying. In such, I buy great companies in tranches and hold them long term. I seldom trade day to day, except an occasional options trade. I almost always buy in thirds to start off and then occasionally, as I listen to earnings calls and get more confident, may buy more (or exit depending on new fundamental info). If I had money to invest, I would be putting it in periodically over time, as it’s impossible to know if the portfolio will be up or down 20 to 30% in the next six months. Perfect example: Since January 1, 2020 alone, we have watched the portfolio go up 34% and retrace all of that gain to be roughly even at zero for the year, and then flip around and be up 51% as of today. If I triedto time that just in the last five months, I might have bought in at the high, sold out at the low and missed all the gains we are seeing right now. If I don’t need the money for 3 to 5 years, I just try to put it into the companies that are growing the fastest with all the attributes I have described in past texts and watch the company, regardless of the market or the stock price which don’t always reflect the actual performance of the underlying company. I hope that helps.
