Gyroscopic Investing

CNBC headline courtesy of Drudge....

http://www.cnbc.com/id/47629549

The younger members probably don't even remember the great depression of 2010 but as an old-timer I found this very alarming. I intend to sell off the stock portion of my portfolio first thing in the morning.

Wouldn't that make it a great buying opportunity (for your VP, of course)?

Pointedstick wrote: Wouldn't that make it a great buying opportunity (for your VP, of course)?

I wouldn't know a great buying opportunity if it walked up and smacked me in the face which is why I love the PP.

And is also why I was only kidding about selling my stocks based on the Drudge Headline.

As for a VP, I don't have one yet. Maybe someday. Right now I need all the money I have.

jackh wrote:

Pointedstick wrote: Wouldn't that make it a great buying opportunity (for your VP, of course)?

I wouldn't know a great buying opportunity if it walked up and smacked me in the face which is why I love the PP.

And is also why I was only kidding about selling my stocks based on the Drudge Headline.

As for a VP, I don't have one yet. Maybe someday. Right now I need all the money I have.

One of the beautiful things about the PP is that it allows an investor to truly see what it feels like to be a successful investor.

I think that prior to the PP many investors have never really felt in control of their investment strategy.  That was certainly my experience.

MediumTex wrote: I think that prior to the PP many investors have never really felt in control of their investment strategy.  That was certainly my experience.

Exactly.  When your investments are making gains, you always wonder when its time to take profits.  When they're taking losses, you don't know whether to get out or buy more. 

With the PP, you don't have to worry about that stuff at all, and you get to feel like some kind of contrarian genius whenever you rebalance.